The future of Cadillac F1’s ownership has come into question after one of its owners reportedly secured a major sale.

 

Mark Walter, CEO and co-chairman of TWG Global, which owns a majority stake in the Cadillac F1 team, recently sold the Los Angeles Lakers for $12.5 billion just a year and a half after buying the legendary basketball franchise.

 

Walter has been the subject of a massive investigation by the US government and the Securities and Exchange Commission regarding alleged undisclosed loans between multiple of his companies.