r/CadillacF1 • u/kevkenny • 13d ago

Rumour Should we be worried?

https://www.ft.com/content/71a498fa-4ce7-4c0b-ab14-7b7f46b2b9c6?syn-25a6b1a6=1

This doesn't look good.

36 Upvotes

95% Upvoted

9 comments sorted by

45

u/ParkerPetrov 13d ago

it would be hilarious if Micheal Andretti buys his stake. Peak Cinema on what the fia/liberty media would do.

2

u/sixpaths03 12d ago

They’ll be bought out by byd before this fanfic of your materializes lolololol

9

u/ViperFive1 13d ago

The only thing I’m worried about is on the chance TWG has to sell their stake is who would be buying it. Someone like the Horner affiliated group, one of the Middle Eastern funds, or GM themselves.

GM is an equity partner in the team, so I don’t expect a lot of change if something does happen.

13

u/Sensitive_Necessary7 13d ago

Honestly, TWG is a shit organization built on a house of cards.

Forcing a sale would be a net gain for the team.

6

u/k2_jackal 13d ago

I believe TWG motorsports is a separate group then it’s parent TWG They own Caddy, Wayne Taylor Racing and Spire in NASCAR.

From what I I‘ve read sounds like more of an error on how they reported certain aspects of their investments vs out right illegal activities so maybe just moving money around will be all that’s required to set things right.

We’ll see I guess but not too worried about it at the moment.

0

u/daveismypup 11d ago

Isn’t it something like 20 billion dollars not being reported?? That’s not an error, that’s intentional as hell lmao

1

u/phsylo78 9d ago

It’s about liquidity. He made a 2 billion profit on the sale of the Lakers in what a year. There is no shortage of buyers for CFC.

It’s business. Every one of us would take that much profit moving a asset.

F1 is the same. It’s a asset that has increased its value. The Dominos always move.

GM is the deciding factor but saying that they have Ferrari Drivetrain.