Cadillac’s controlling stake may be up for sale at a 3 billion dollar valuation

Report, not confirmed. There are reports that Mark Walter, head of TWG Global, is mulling over a sale of his controlling interest in the Cadillac F1 team. Sportico puts the valuation of the entire operation at no less than 3 billion dollars and says there are 7 or more suitors. Nothing has been confirmed.

While the ownership breakdown has not been made public, it has been reported that Walter holds some 67 percent via TWG Global, General Motors 30 percent and Dan Towriss of TWG Motorsports the other 3.

Sergio Perez and Valtteri Bottas have been behind the wheel of the 11th team on the grid since Cadillac made their debut this season, but neither they nor GM have put in any comment.