Cadillac F1 owner completes huge team sale for massive profit as investigation continues

Mark Walter, owner of the Cadillac F1 team, has finalized the sale of his 12.8% stake in Chelsea FC, netting him approximately £500 million. This sale, confirmed on September 17, 2026, follows his recent sale of the Los Angeles Lakers for $12.5 billion, which he purchased for $10 billion just a year prior. Walter's profit from the Chelsea sale is estimated to be around £180 million, reflecting a significant return on his initial investment.