Home / Sports / NASCAR Driver Halts F1 Team Ownership Talks
NASCAR Driver Halts F1 Team Ownership Talks
14 Nov
Summary
- Fenway Sports Group's pursuit of a Cadillac F1 stake is blocked by a NASCAR driver.
- A contract clause requires Brad Keselowski's permission for FSG's non-NASCAR ventures.
- Cadillac F1 team is a new entrant that has yet to score points this season.
Fenway Sports Group's (FSG) interest in acquiring a stake in the Cadillac Formula 1 Team has encountered a significant roadblock due to a contractual stipulation involving NASCAR driver Brad Keselowski. Sources indicate that FSG's agreement with Keselowski prevents them from pursuing motorsports ventures outside of NASCAR without his explicit permission.
While initial discussions regarding a stake in the Cadillac F1 team are permissible, FSG entering into a definitive purchase agreement without Keselowski's consent would breach this clause. As of November 14, 2026, Keselowski had not granted this permission. This stipulation is set to expire once Keselowski unwinds his ownership stake in RFK Racing, after which both parties will be free to explore other opportunities.
The Cadillac F1 team, a new entrant to the grid, is currently in its debut season in 2026 and has yet to score any points. The team is backed by General Motors and is controlled by billionaire Mark Walter through TWG Global. Walter is reportedly exploring sales of other sports investments amidst federal investigations, having previously divested stakes in the Los Angeles Lakers and Chelsea.
Despite the ongoing negotiations and investigations, TWG Global stated in August 2026 that they were not looking to sell their motorsport properties. However, they acknowledged continuously receiving interest from prospective buyers and co-investors for their sports assets. The team has secured Sergio Pérez until at least 2029 but has yet to announce its driver lineup for 2027 beyond Valtteri Bottas.
