Liverpool owners Fenway Sports Group in talks for Cadillac F1 majority stake, reports say

Fenway Sports Group, which owns Liverpool FC, has held discussions about acquiring a majority stake in the Cadillac Formula 1 team in a deal that could exceed £2 billion, according to The Guardian. The talks come two days after Sportico reported that Mark Walter, who controls the team through TWG Global, was exploring a sale of his participation at a valuation of at least $3 billion.

The reports, which surfaced Nov. 4, mark the first time a named, high-profile buyer has been publicly linked to the American squad. Neither Fenway Sports Group nor TWG Global has confirmed any transaction, and the final terms of a deal remain unknown.

A multi-billion pound price tag for a team with zero points

The reported valuation sits in stark contrast to Cadillac’s on-track record. The team is in its first Formula 1 season with drivers Sergio Pérez and Valtteri Bottas, sits last in the constructors’ championship, and has yet to score a single point. Yet according to Sportico’s Nov. 2 report, Mark Walter’s group has fielded interest from seven potential investors at a valuation of at least $3 billion — meaning the team’s financial worth and its sporting performance are now moving in entirely separate championships.

The Guardian identified Fenway Sports Group as one of the parties in discussions with the group. The British paper reported the talks center on a majority stake and a transaction that could top £2 billion.

Who is Fenway Sports Group

Fenway Sports Group is not an occasional investor. Led by John Henry, the group controls Liverpool FC, the Boston Red Sox, and the Pittsburgh Penguins. It also owns 50% of RFK Racing, a NASCAR team, so motorsport is already part of its portfolio.

According to The Guardian, FSG’s interest in Formula 1 is driven in part by the championship’s economic growth: annual revenue has more than doubled since Liberty Media acquired the series in 2017. Just as important, grid slots are extremely scarce — buying Cadillac would give the group direct entry onto the grid.

Walter’s shifting position on selling

Now The Guardian and The Wall Street Journal have reported discussions with multiple investors.

The backdrop is complicated. Mark Walter has recently moved on several other sports holdings, including stakes in the Los Angeles Lakers and Chelsea FC.

Liverpool’s own ownership shake-up

Fenway Sports Group has been restructuring its own assets this year. Over the summer it sold 38% of Liverpool FC to a consortium that includes Jeff Bezos and Eduardo Saverin. That consortium also holds an option to take control of the club before August 2027. The Guardian reported that FSG wants to keep investing in other sports disciplines, with Formula 1 a possible next step.

There is no evidence that the partial Liverpool sale was arranged specifically to fund a Cadillac purchase — the two operations may simply be part of one broader strategy. But the timing has drawn attention: Liverpool brings in new investors while Cadillac could change shareholder, with Fenway Sports Group at the center of both.

General Motors remains part of the equation

Any deal would not involve only Mark Walter and FSG. Cadillac F1 is also tied to General Motors, the American automaker and industrial partner behind the project. The exact split of ownership between TWG Global and GM has never been made public, so it is too early to say FSG could take full control — and a sale of TWG’s stake would not automatically remove the Cadillac brand from the sport.

For Marcin Budkowski, who leads the team’s sporting development, the priority is continuity of investment. A change of owner will not instantly turn a back-of-the-grid car into a candidate for podiums — even with £2 billion on the table.

What is not yet known

For now, nothing is signed. FSG has not publicly confirmed an intention to buy Cadillac, TWG Global has not announced a sale, and the final price of any transaction remains unknown. What is clear is that the conversation around the American team has moved well beyond anonymous speculation: a named suitor with Liverpool at its heart has entered the equation, and Mark Walter may be weighing an exit.

Questions readers are asking

Has Fenway Sports Group confirmed it wants to buy Cadillac F1? No. The talks are reported by The Guardian but FSG has made no public confirmation, and no official announcement exists.

How much would the deal cost? Reports point to more than £2 billion for a majority stake, while Sportico put the overall valuation at no less than $3 billion. The final figure is unknown.

Would Liverpool FC itself be sold to fund the purchase? No evidence supports that. FSG sold 38% of Liverpool to a Bezos- and Saverin-led consortium this summer, but that is a separate transaction.

Does Cadillac’s last-place, zero-point season hurt the sale? On the track, yes — but financially the reports suggest the opposite, with seven investors said to have expressed interest despite the results.

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