Deal would be worth more than £2bnCadillac are jointly owned by Mark WalterLiverpool’s owner, Fenway Sports Group, has held talks about buying a majority stake in the Cadillac Formula One team for more than £2bn as Mark Walter continues to sell off his sporting assets amid allegations of insurance fraud.Cadillac entered F1 this year as a joint venture between General Motors and Walter’s TWG Global, which sold its controlling interest in the NBA’s Los Angeles Lakers and a 13% stake in Chelsea this summer, and is also looking to sell Los Angeles Sparks, the WNBA team. Continue reading...
Liverpool owner FSG holds talks over buying majority stake in Cadillac F1 team
GU
Guardian SportBy Matt Hughes
EXECUTIVE SUMMARY
Deal would be worth more than £2bn Cadillac are jointly owned by Mark Walter Liverpool’s owner, Fenway Sports Group, has held talks about buying a majority stake in the Cadillac Formula One team for more than £2bn as Mark Walter continues to sell off his sporting assets amid allegations of insurance fraud. Cadillac entered F1 this year as a joint venture between General Motors and Walter’s TWG Global, which sold its controlling interest in the NBA’s Los Angeles Lakers and a 13% stake in Chelsea
Key Takeaways
- Liverpool owner FSG holds talks over buying majority stake in Cadillac F1 team.
Read Complete Original Article
Published originally on Guardian Sport
