Cadillac F1 To Be Managed By Global Group Twg Motorsports. Dan Towriss Named Ceo Of Racing Portfolio

The group that owns Cadillac Formula 1 officially launched TWG Motorsports on Tuesday as the division responsible for its rapidly growing motorsports portfolio.

TWG Global is the main company owned by co-chairs Mark Walter and Thomas Tull and has controlling interest in the Los Angeles Dodgers, Premier League club Chelsea, the Professional Women's Hockey League, and stakes in the Los Angeles Lakers and other ventures.

The Cadillac F1 team is expected to join the grid in 2026. TWG Motorsports is also the majority owner of Andretti Global, which competes in IndyCar, Indy NXT and Formula E NASCAR team Spire Motorsports, which won last weekend's Truck Series race and nearly won the Cup Series race the two-car IMSA sports car GTP program fielded by Wayne Taylor Racing and Walkinshaw Andretti United, the Bathurst 1000-winning race team competing in Australia's Supercars Championship.

Dan Towriss, longtime partner of Walter, was named CEO of TWG Motorsports. Towriss will also retain his role as CEO of Group 1001 Insurance, a U.S. financial services firm with more than 66 billion in assets under management.

"Dan has been instrumental in forming the landmark Cadillac Formula 1 team in partnership with General Motors and acquiring for TWG Global a broad racing portfolio that includes Andretti Global, Wayne Taylor Racing, and Spire Motorsports," Walter said in a statement.