Fenway Sports Group reportedly interested in buying Cadillac F1 shares amid TWG uncertainty

Doubts have emerged over the future of Cadillac Formula 1's majority ownership after reports that Mark Walter's TWG Global is looking to offload some of its shares. Liverpool FC owner Fenway Sports Group is said to be among the interested parties.

The report comes as Walter and his companies are the subject of a federal probe by the US Department of Justice, which is investigating whether Walter's dealings are in compliance with the law. The available text does not provide further details on the scope of that investigation or on any agreed terms for a sale.