In 2012,
Guggenheim Baseball Management bought the
Los Angeles Dodgers of the
Major League Baseball for $2.15 billion. In 2014, Sparks LA Sports bought the
Los Angeles Sparks of the
Women's National Basketball Association. In 2022,
BlueCo bought the
Chelsea F.C. of the
Premier League. In 2023, BlueCo bought
RC Strasbourg Alsace of the
Ligue 1. In 2025, Walter bought a majority stake of the
Los Angeles Lakers of the
National Basketball Association at a $10 billion team valuation. The acquisition included the then named Andretti
Cadillac Formula 1 team, which at the time, had not been given approval to compete in the
2026 Formula One World Championship by the
Formula One Group. Later that month, TWG announced that it had been approved by the Formula One Group to compete in 2026 under a new restructured team known as the
Cadillac Formula 1 Team. On February 26, 2025, TWG Global announced the formation of a subsidiary known as
TWG Motorsports to run TWG Global's motorsports organizations.
Dan Towriss, CEO of Guggenheim subsidiary Group 1001, was named the organization's CEO.
TWG Motorsports will lead the
Cadillac Formula 1 Team with
General Motors, after
Michael Andretti stepped down from the program at the end of 2024. TWG Motorsports along with General Motors formed TWG GM Performance Power Units LLC in 2025, an operation that will be the official power unit supplier for Formula 1's Cadillac team in the 2029 season and onwards. == Subsidiaries and affiliates ==