Reports Suggest Cadillac F1 Team Is Up For Sale...
Reports indicate that the Cadillac F1 team is currently up for sale with a valuation of at least $4.3 billion AUD.
Owner Mark Walter, through TWG Global, is reportedly courting interest from at least seven prospective buyers. This news contradicts a statement issued by TWG in August, which denied any intention to sell the team.
The potential sale occurs as Walter offloads various other major sporting assets amid federal investigations into his business empire. On the track, the Cadillac team has struggled during its debut season, failing to secure a single championship point.
While driver Sergio Perez has a multi-year deal, teammate Valtteri Bottas faces uncertainty as American driver Colton Herta remains a potential replacement for the upcoming season.
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