Mark Walter could be preparing for another major change to his sports investment portfolio, with a reported $3 billion price tag attached to his stake in the Cadillac Formula 1 team.
According to a report by Kurt Badenhausen of Sportico, Walter is exploring a potential sale of his interest in the F1 operation, with at least seven prospective buyers reportedly expressing interest. The asking price is said to be at least $3 billion, highlighting the growing financial value associated with Formula 1 team ownership.
However, no transaction has been agreed, and the reported interest does not mean Cadillac is officially changing ownership. The development is particularly notable given that TWG Global had previously indicated it was not looking to exit its investment in the team.
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Walter is the chairman and controlling owner of the Los Angeles Dodgers, having led the group that purchased the MLB franchise in 2012 for $2.15 billion. He is also co-founder and CEO of TWG Global, the investment group behind the Cadillac F1 project, which involves General Motors.
TWG Global Previously Denied Plans to Exit Cadillac F1
The latest report also contrasts with TWG Global’s earlier position on its investment in Cadillac.
In August 2026, the organization stated: “TWG is not considering exiting its stake in the Cadillac Formula 1 team or any other part of TWG Motorsports.” That statement made the possibility of a sale particularly noteworthy, although the latest reported discussions do not establish that the group’s position has formally changed.
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Cadillac joined the Formula 1 grid in 2026 as the championship’s 11th team, marking the return of an American manufacturer-backed operation to the sport. The project is a major long-term investment involving TWG Global and General Motors.
Mark Walter’s Sports Ownership Portfolio
Beyond the Dodgers and Cadillac F1, Walter has built an extensive portfolio across professional sports. His investments have included the Los Angeles Lakers, the WNBA’s Los Angeles Sparks, and English soccer club Chelsea FC.
He acquired a majority stake in the Lakers in 2025 at a reported $10 billion valuation. However, he agreed to sell his controlling interest to a group led by Bob Iger and Joshua Kushner in August 2026, with the transaction valuing the franchise at $12.5 billion.
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Walter also sold his stake in Chelsea in September 2026, alongside former co-owner Todd Boehly, with Clearlake Capital acquiring their interests and taking full control of the club.
His wider sports portfolio also includes the Professional Women’s Hockey League, which TWG owns, and investments in the Billie Jean King Cup. Through TWG Motorsports, Walter’s interests extend across Formula 1, NASCAR, IndyCar, Formula E, and IMSA.
Whether Walter ultimately decides to sell his interest remains uncertain. For now, the reported $3 billion valuation and interest from multiple potential buyers make this a significant business development for Cadillac and Formula 1.
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