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Cadillac F1 owner poised to shatter records, buying iconic LA Lakers for $10 billion

Carl Harrison by Carl Harrison
June 19, 2025
in Motorsports
Reading Time: 1 min read
0
Cadillac F1 owner poised to shatter records, buying iconic LA Lakers for $10 billion

Keanu Reeves talks with TWG Motorsports CEO Dan Towriss in an Andretti garage Sunday, May 25, 2025, ahead of the 109th running of the Indianapolis 500 at Indianapolis Motor Speedway.

In a mind-blowing turn of events, the owner of the Cadillac F1 team is on the verge of acquiring the iconic Los Angeles Lakers for a jaw-dropping sum that is set to shatter all previous records, as reported by multiple sources. The deal is expected to catapult the value of the Lakers to an unprecedented $10 billion, making it the most expensive sale of a professional sports team in history.

The Los Angeles Lakers, known for their unparalleled success in the NBA with 17 championship titles under their belt, are soon to come under the ownership of TWG Global, a sports conglomerate with an extensive portfolio. In addition to the Cadillac F1 team and the impending Lakers acquisition, TWG Global already holds the reins of the Los Angeles Dodgers and has stakes in the Chelsea and RC Strasbourg football clubs.

Taking the F1 world by storm, TWG Global assumed control of the Cadillac team led by Michael Andretti last year, securing its spot on the grid for the 2026 season after intense negotiations with the sport’s commercial rights holders. Cadillac has inked a deal with Ferrari to utilize their power units and gearbox initially, with plans for General Motors to develop their own engines by 2028.

With Graeme Lowdon at the helm as team principal, Cadillac is gearing up for its F1 debut, although the driver lineup is yet to be finalized. The entry of Cadillac will see the F1 grid expand to 22 cars next season, a milestone not seen since 2016.

The sports world is abuzz with this groundbreaking development as TWG Global cements its status as a powerhouse in the realm of professional sports ownership. Stay tuned for more updates on this colossal acquisition that is set to reshape the landscape of sports ownership as we know it.

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