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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 ...
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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.
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.
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.
Last month, the elder Andretti joined Andretti Global officials to mark the grand-opening of the team's new 48,000 square-foot shop in the U.K. at Silverstone Park that will house all the current ...
No, Dan Towriss did not steal Andretti Global out from under one of the most successful racers in American history. Towriss, owner of Gainbridge and holding company Group 1001, has slowly grown ...