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Dodgers Owner Mark Walter Reportedly Selling Another Team
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- Dodgers Owner Mark Walter Reportedly Selling Another Team
NBA: Chicago Bulls at Los Angeles Lakers
Los Angeles Dodgers owner Mark Walter may not be selling the Boys in Blue, but he's reportedly continuing to offload his other sports teams.
Walter has already agreed to sell the Los Angeles Lakers to Bob Iger and Josh Kushner and offload his share in Chelsea FC of England's Premier League, with the Los Angeles Sparks of the WNBA believed to be next on that list.
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Now, it seems Walter's motorsports team could join the Sparks.
Which team is Mark Walter planning to sell?
Kurt Badenhausen of Sportico reported on Monday that Walter is shopping his Formula 1 team, Cadillac, and asking for at least $3 billion.
The team, the newest to join the grid, currently features well-known drivers Sergio Perez and Valtteri Bottas, though Bottas could soon find himself without a seat if the team moves on American driver Colton Herta.
Cadillac has struggled so far in its rookie season, ranking dead last in the sport with neither car scoring a point by finishing in the top 10 of a race.
Oct 25, 2026; Austin, TX, USA; Cadillac driver Valtteri Bottas (77) during the United States Grand Prix at Circuit of The Americas Austin. Mandatory Credit: Michael C. Johnson-Imagn Images Credit: IMAGN IMAGES via Reuters Connect (Reuters)
It's been a long road to get Cadillac into the highest level of motorsport, so it's something of a surprise to see Walter ready to move on so soon.
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It also contradicts a statement his company, TWG Global , put out in August.
"TWG is not considering exiting its stake in the Cadillac Formula 1 team or any other part of TWG Motorsports and has also stated this position on-the-record," the company said at the time.
Since then, though, it appears that view has shifted.
Why is Mark Walter selling sports teams?
Walter's selling of sports teams began with a whistleblower complaint last year alleging improper self-dealing, charges that Walter's company denies.
Mar 12, 2026; Los Angeles, California, USA; Los Angeles Lakers majority owner Mark Walter and team executive Jeannie Buss in attendance at Crypto.com Arena. Mandatory Credit: Gary A. Vasquez-Imagn Images Credit: IMAGN IMAGES via Reuters Connect (Reuters)
Not much is known about the investigation and no charges have been filed, but it's possible that Walter and his companies might have to come up with billions of dollars to pay back loans, which would provide a compelling reason for the billionaire to move on from his teams so quickly.
If Walter does sell off his F1 team and the Sparks, he'll reportedly still own the Dodgers and the Professional Women's Hockey League, as well as a stake in the Billie Jean King Cup in women's tennis.
Do you think Walter will sell off his Formula 1 team?
