Search results
Results From The WOW.Com Content Network
Andretti Global is an American motorsports organization with teams competing in the IndyCar Series, Indy NXT, Formula E, and joint entries in IMSA and the Australian Supercars Championship. Starting in 2026, Andretti will also operate the Cadillac Formula One team in collaboration with General Motors .
Walter is heavily involved in the insurance industry. He owns 21% of TWG Global Holdings, [16] through which he owns 19% of Group 1001, a company that owns various insurance companies. [20] [16] He is the controlling shareholder of Delaware Life Holdings, LLC, and serves on the board of EquiTrust Life. [21] TWG Global also maintains a stake in ...
TWG Group is the investment company founded by Mark Walter, who as CEO of Guggenheim Partners is the controlling owner of the Los Angeles Dodgers and Premier League club Chelsea, and Dan Towriss, who became involved in motorsports initially as a sponsor for Andretti and took an ownership role in Andretti Global in 2022.
The younger Andretti burst onto a media call flanked by GM executives in January 2023 to rejoice in a partnership he believed would make Andretti Global’s F1 bid unimpeachable.
Michael Andretti has restructured Andretti Global to give co-owner Dan Towriss control of the organization while Andretti will stay on as a strategic advisor of the team he has led since 2002. Andretti in early 2023 confirmed he'd sold part of the company to Towriss, owner of Gainbridge and holding company Group 1001.
On the same day, it was revealed in the Cadillac Formula 1 team announcement that TWG Global owns and operates Spire Motorsports (Alongside Andretti Global and Wayne Taylor Racing). [ 18 ] NASCAR Cup Series
Towriss, owner of Gainbridge and holding company Group 1001, has slowly grown from a sponsor of one of Andretti's IndyCar teams to one of the biggest spenders in motorsports. But at least two years ago, Towriss bought an ownership stake in Andretti Global and became part of the entire organization.
Two longtime NASCAR executives were introduced at Andretti Global on Wednesday as part of the restructuring now that Michael Andretti has stepped aside, The Associated Press has learned. Doug ...