Fenway Sports Group Explores Acquisition of Cadillac Formula 1 Team Stake
Liverpool FC owners eye Cadillac F1 majority stake amid Mark Walter’s legal challenges.
1Potential Ownership Shift
Fenway Sports Group, the owner of Liverpool FC and the Boston Red Sox, has emerged as a primary candidate to purchase a majority stake in the Cadillac Formula 1 team. This potential acquisition follows reports that billionaire Mark Walter is exploring a sale of his controlling interest in the racing outfit.
2Legal Pressures on TWG
Mark Walter’s firm, TWG Global, is currently under investigation by the U.S. Department of Justice and the Securities and Exchange Commission. Authorities are probing whether insurance companies linked to Walter improperly invested policyholder funds, involving approximately $20 billion in loans and investments that allegedly lacked adequate disclosure to the relevant regulators.
3Asset Liquidation Strategy
Facing intense federal scrutiny, Walter has already initiated the sale of several high-profile sports assets. He has moved to offload his shares in the Los Angeles Lakers and a 12.8% stake in Chelsea FC. The LA Sparks WNBA team is also currently listed for sale as the group seeks fresh capital.
4Valuation and Market Context
Reports indicate that the Cadillac F1 team is being valued at approximately $3 billion. This high valuation reflects the scarcity of the 11-team franchise system and the recent surge in Formula 1's global popularity, despite the team currently sitting at the bottom of the constructors’ championship without any points scored.
5FSG Motorsport Ambitions
Fenway Sports Group is no stranger to the racing world, as they currently hold a 50% stake in the RFK Racing NASCAR team. Following their recent sale of a 38% stake in Liverpool FC to a consortium including Jeff Bezos, the group is now actively seeking further expansion into elite global motorsport.
6Infrastructure and Investment
Since joining as an expansion team, Cadillac has invested over $1 billion into its operations, including state-of-the-art facilities in Silverstone and Fishers, Indiana. General Motors remains a key partner, holding an undisclosed minority share while providing critical infrastructure, personnel, and the ongoing development of the team’s future power units.
7Driver Lineup Developments
While Sergio Perez has secured a contract extension through the end of the decade, the team is evaluating its second seat. Colton Herta is set to participate in FP1 at the Sao Paulo Grand Prix to secure the final superlicence point required to potentially replace Valtteri Bottas for the 2027 season.
8Future Ownership Outlook
While TWG Global previously insisted on its long-term commitment to the project, the financial necessity of replacing related-party loans makes a sale increasingly plausible. With up to six other parties reportedly interested in the stake, the future control of the Cadillac F1 team remains a highly competitive and fluid situation.