Dodgers owner reportedly offloading another sports asset for whopping $3 billion valuation
Los Angeles Dodgers owner Mark Walter is once again looking to move on from one of his sports enterprises from TWG Global.
According to Kurt Badenhausen of Sportico, Walter has put his Cadillac F1 team up for sale for with an asking price of at least $3 billion.
Sportico added that there are at least seven parties interested in acquiring the team as Formula 1 is nearing the end of its season.
Walter’s F1 team is under TWG’s motorsports division, which also has teams in IndyCar racing and NASCAR.
His Cadillac F1 team going up for sale comes after he agreed to sell the Los Angeles Lakers for a record-breaking $12.5 billion last summer to Joshua Kushner and Bob Iger.
On Friday, Walter and Kushner finalized the sale of the Lakers from his home in Florida.
Less than a week after he sold the Lakers, he and his business partner Todd Boehly announced that they were selling their stakes in the soccer club, Chelsea FC.
This is a developing story with more to follow.
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