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Cadillac F1 team remains unsold
T.W.G. Global has confirmed that its assets in motorsports, including the Cadillac team competing in Formula 1, will remain under unchanged ownership. This comes amid speculation following the sale of the Los Angeles Lakers team. The company stated in a release that T.W.G. has no intention of selling the Cadillac team or any part of its motorsport activities, indicating that the team is moving forward under the leadership of its new head, Marcin Budkowski, who took over the position after 11 races of the 2026 season, without seeking any future guarantees. The Cadillac team, which joined Formula 1 this year, has yet to score any points after 11 rounds. The departure of its founding manager, Graham Loudon, reflects the team's ambition to compete in the future.
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