Cadillac add tech sponsor as Formula 1 newcomers gear up for debut Sport Business Cadillac Formula 1 Team have added software provider IFS to their portfolio of commercial partners as they continue preparations for joining the grid this year. Sweden-based IFS is the team’s first non-US partner and joins Tommy Hilfiger and Jim Beam in backing Cadillac ahead of their eagerly anticipated F1 debut. “IFS has been instrumental in [...]
Chelsea co-owner Boehly part of $10bn NBA deal for LA Lakers Sport Business Todd Boehly is part of the $10bn deal to buy the LA Lakers alongside Chelsea co-owner Mark Walter. Walter had agreed to purchase a majority stake in the NBA side earlier this year in a deal that would value the franchise at $10bn. But Front Office Sports reports that Chelsea consortium frontman Boehly is part [...]
Most expensive sports teams: How Lakers, Celtics, Commanders and Chelsea smashed records Sport Business Mark Walter’s planned takeover of the LA Lakers is poised to set a new record for the most expensive sports team sale, continuing the boom in the franchise market. Walter, who majority owns the LA Dodgers and is a part-owner of Chelsea, has agreed to increase his stake in the Lakers to a controlling one [...]
Cadillac Formula 1 team to follow Chelsea blueprint, say owners February 25, 2025 The Cadillac Formula 1 team will “apply the same transformative growth mindset” seen at sister outfit Chelsea FC as they gear up for their historic entry to the grid next year. Cadillac F1 are majority owned by TWG Global, the investment vehicle of Chelsea part-owner Mark Walter, a long-time business partner of the club’s chairman [...]
Why Todd Boehly has more to lose than Clearlake Capital from a Chelsea sale September 10, 2024 Chelsea shareholder Todd Boehly and his business partners, Mark Walter and Hansjorg Wyss, have more to lose than their fellow owners-turned-rivals Clearlake Capital from the mooted sale of the club. As minority shareholders with Class B shares, the Boehly group would lose a greater percentage of their investment than Clearlake if Chelsea were to be [...]