Fishers-based Cadillac F1 reportedly for sale as TWG Global faces federal probe and lawsuit
Reports suggest Cadillac F1 could be for sale as owner Mark Walter faces a federal investigation.
Cadillac F1, the Formula One team based in Fishers, may be up for sale as its first season concludes. According to Sportico, TWG Global CEO Mark Walter is seeking at least $3 billion for the team and at least seven parties have shown interest. Walter is currently under federal investigation after a grand jury subpoena in February.
The U.S. Department of Justice and Securities and Exchange Commission are probing TWG Global's disclosure of affiliated assets linked to insurance companies, Delaware Life and Clear Spring Life and Annuity. TWG Global denies considering a sale, but it appears that Walter may sell Cadillac F1 and the rest of TWG Motorsports. TWG Global is not a party to the insurance fraud investigation.
The team has had a difficult start to the 2026 season, failing to score a single point in four races.
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