TWG Denies Sale of Cadillac F1 Team

TWG denies sale of Cadillac F1 team

TWG has denied the Cadillac F1 team is up for sale following an investigation into CEO Mark Walter in the US

Dodgers Owner Mark Walter Reportedly Shifting Billions Amid Investigation

The Wall Street Journal recently reported that federal prosecutors and the Securities and Exchange Commission (SEC) are investigating Los Angeles Dodgers Mark Walter. That is over whether or not financial relationships were concealed when more than $20 billion was sent through insurance companies that Walter controls.Now, The Athletic has added to that reporting, sharing that […] The post Dodgers Owner Mark Walter Reportedly Shifting Billions Am…

Cadillac issue statement on F1 team sale amid federal investigation into owner

Rumours have grown surrounding a sale of the Cadillac F1 team after a federal investigation was launched into TWG Global founder, Mark Walter.

TWG denies sale of Cadillac F1 team following investigation into Mark Walter

Mark Walter might be unfamiliar in Formula 1, but for the Cadillac team, he holds fundamental relevance. The billionaire is the CEO of TWG, the company responsible for operating General Motors' Formula 1 entry, and currently he is under scrutiny by authorities in the United States which has sparked rumours regarding a potential sale of the team.Recently, Walter sold his stake in the NBA's Los ...Keep reading

Cadillac F1 quash sale rumours amid TWG investigation

Cadillac has moved swiftly to quash speculation that its F1 operation could be caught up in the uncertainty surrounding its majority owner.

Cadillac F1 team owner issues firm statement over sale talk

The Cadillac Formula 1 team is not being considered for sale, according to the TWG Global group that owns it, amid a US federal investigation into billionaire Mark Walter.Four intermediary companies within Walter's business empire are subject to investigations in the United States over alleged undisclosed loans between his own companies.Walter made headlines recently as he instigated the sale of his stake in the Los Angeles Lakers basketball tea…