TWG Motorsports is reportedly not looking to sell its other racing teams despite ongoing discussions about a potential sale of its Cadillac Formula 1 entry, according to a report from the Indianapolis Star.
The motorsports organization, which has ties to IndyCar competition, is said to be focused specifically on the Cadillac F1 project without actively marketing its additional racing assets. The report, published Tuesday by Zion Brown, indicates the potential transaction centers solely on the Formula 1 program.
Cadillac's planned entry into Formula 1 has been a significant development in motorsports, with the General Motors brand aiming to join the grid as an engine supplier and team partner. TWG Motorsports' involvement in the project has positioned the organization at the center of F1's expansion efforts.
No further details about the potential sale timeline, valuation, or interested parties were disclosed in the initial report.
