F1 team owner continues sell-off after record-breaking $12.5bn deal

Mark Walter, the owner of the Cadillac F1 team and the LA Dodgers, recently sold the Los Angeles Lakers for a record $12.5 billion, realizing a significant profit shortly after acquiring the team. He and Todd Boehly are also attempting to sell their shares in Chelsea FC, which has raised questions about the future of Walter's other sports franchises amid ongoing federal investigations into his business practices.

The rapid sales and investigations have led to speculation regarding the stability of Walter's ownership of the Cadillac F1 team and the LA Dodgers. With the FBI's involvement and concerns over improper loans, insiders are closely monitoring the situation, wondering if more sales could follow as a result of these developments.