Stunning U-Turn: Cadillac F1 Team Put Up for Sale with $3bn Valuation?

Billionaire investor Mark Walter is exploring a potential sale of his controlling stake in the Cadillac Formula 1 team, with the outfit valued at an eye-watering $3 billion.

According to a report by Sportico, at least seven prospective buyers have already registered an interest in the grid's newest addition.

The move represents a dramatic U-turn for Walter's investment vehicle, TWG Global. As recently as August, the firm flatly dismissed speculation surrounding a sale of its Formula 1 operations, issuing a statement reaffirming its complete commitment to the long-term project.

This sudden change of course comes amid wider asset restructuring and growing financial scrutiny surrounding Walter's business portfolio. In recent months, the billionaire has offloaded minority stakes in high-profile sports franchises, including Premier League side Chelsea and NBA giants the Los Angeles Lakers. That restructuring has coincided with federal financial probes into insurance entities under his umbrella, although TWG Global has consistently denied any wrongdoing.

Cadillac's debut campaign generated significant excitement as a full-scale works entry spearheaded by veteran drivers Sergio Perez and Valtteri Bottas. However, the team's inaugural season has also brought heavy initial capital expenditure and soaring operating costs. At the same time, Formula 1's ongoing commercial boom has sent team valuations skyrocketing, driving the asking price up to the $3 billion mark.

As it stands, neither TWG Global nor Cadillac has announced any finalized agreement or imminent deal. However, mounting external interest strongly suggests a major shake-up in the ownership structure could be on the horizon. With the 2026 season heading toward its conclusion, the paddock will be keeping a close eye on how these boardroom developments shape the team's future in the sport.

Cadillac is yet to officially finalize its driver line-up for 2027. While Perez's seat is secured through at least 2029, Bottas's future remains up in the air, with paddock rumors heavily linking IndyCar star Colton Herta with a move to replace the Finn next season.