Billionaire sports franchise owner Mark Walter is reportedly checking out the market to sell at least a piece of his Cadillac Formula 1 team stake, according to Sportico and The Athletic. This isn’t just some small side deal, either. This news drops right after Walter agreed to offload the Los Angeles Lakers and promised to sell a minority chunk of the Premiere League team Chelsea. It looks like the man is shaking up his entire sports portfolio, and the numbers are eye-popping.
That Cadillac F1 Valuation Is Absurdly High
Let’s talk about this F1 team, because the money being thrown around is wild. Sportico reported that Walter already has at least seven parties keen on buying the Cadillac F1 team, with an asking price of *at least* $3 billion. The Athletic echoed that, saying Walter is “exploring selling a portion of his stake… but only at a certain price,” and confirming the team’s valuation is “above $3 billion.” You read that right. Above $3 BILLION. What’s even crazier is that Cadillac just roared onto the F1 grid this year, with General Motors and TWG Global reportedly paying a $450 million expansion fee back in 2024. Talk about a rapid return on investment. Walter controls the F1 squad through his holding company, TWG Global.
Walter’s Massive Sports Empire Sell-Off
The F1 move is just the latest piece in Walter’s big-time sports divestment. Last month, Bloomberg reported he is also looking to sell the WNBA’s Los Angeles Sparks. The Lakers sale alone is at a reported valuation of $12.5 billion, per ESPN. And that Chelsea stake he’s agreeing to sell? That’s reportedly a payout of about $650 million for half of a combined 25 percent stake, says the Wall Street Journal. TWG Global also has stakes in other motorsports properties like IndyCar’s Andretti Global and IMSA’s Wayne Taylor Racing, but The Athletic reported those aren’t currently seeking buyers. While TWG Global stated in August that it wasn’t “considering exiting its stake in the Cadillac Formula 1 team or any other part of TWG Motorsports,” they also left the door open by saying leadership would “consider all legitimate offers when they are received.” Looks like those legitimate offers are rolling in hot and heavy.
What’s Walter Keeping?
So, is Walter getting out of sports entirely? Not quite. He still owns the MLB’s Los Angeles Dodgers and the Professional Women’s Hockey League. And get this: he recently told the California Post he plans to keep ownership of the Dodgers “no matter what.” The PWHL, for its part, has already stated it’s not expecting any ownership change. So while he’s shedding billions in assets, he’s clearly got a couple of favorites he’s sticking with.
What’s next for Walter’s F1 stake? With at least seven parties lining up and that $3 billion+ price tag, you gotta wonder how fast this deal closes. This is a massive shake-up across the sports world, one high-stakes sale at a time.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Bleacher Report.
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