Mark Walter, the co-owner of Major League Baseball's Los Angeles Dodgers, is in discussions to sell his stake in the Cadillac Formula 1 team. John Henry’s Fenway Sports Group (FSG), which also owns the Boston Red Sox and Liverpool Football Club, is reportedly among the bidders for the stake.
The valuation of the Formula 1 outfit is believed to be in excess of $3 billion, according to sources familiar with the matter. Talks are ongoing, and the specifics of any potential deal have not been disclosed.