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The team restructured in September 2023 in pursuit of a Formula One entry and rebranded to Andretti Global, with Dan Towriss becoming a minority owner. [1] In 2024, Andretti sold the team to Los Angeles Dodgers lead owner Mark Walter 's TWG Global holding company, with Towriss staying on as co-owner and CEO.
As of February 2025, Forbes valued Walter's net worth at $6.1 billion. [4] ... He appointed Dan Towriss to serve as the CEO of TWG's motorsports businesses. [57]
Dan Towriss, who entered the racing world less than a decade ago via a sponsorship deal in IndyCar with Gainbridge and Group 1001, will serve as the CEO of TWG Global’s motorsports businesses.
The project’s name has changed and the its fiercest champion, Michael Andretti, stepped aside less than two months from the finish line, but Mario Andretti sees the admission of Cadillac F1 to ...
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.
[3] [11] He retained Andretti minority owner Dan Towriss to serve as the CEO of TWG's motorsports division. [3] Michael Andretti remained as an advisor, [ 3 ] and Mario Andretti agreed to serve on the board of directors.
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 ...
Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season.