RFK Racing Owners Circle Spire Parent TWG, Eyeing Massive $3B Motorsport Operation

Fenway Sports Group, co-owners of NASCAR team RFK Racing, has reportedly held talks with TWG Global to acquire a majority stake in the Cadillac F1 Team. Led by Mark Walter, TWG Global is considering selling its shares in the $3 billion Formula 1 operation as Walter reshapes his sports portfolio. FSG has allegedly proposed a valuation of over $2 billion for Walter's stake in the open-wheel racing outfit.

The potential Formula 1 acquisition comes amid broader changes for both ownership groups across multiple sports. TWG also co-owns NASCAR's Spire Motorsports, while RFK Racing is handling an upcoming transition as co-owner and driver Brad Keselowski prepares to become a passive investor starting in 2027.