Sergio Perez breaks silence on $100M Cadillac stake sale rumors

Sergio Perez was questioned on whether a majority stake at Cadillac is indeed up for sale.

The exchange happened at the Sao Paulo Grand Prix on Thursday, November 5, 2026.

Sky Sports captured the moment on video.

Perez did not confirm the sale.

He did not deny it either.

He addressed the question directly but left the answer open.

The video clip is titled: "Sergio Perez addresses whether majority stake at Cadillac is up for sale."

It was published on November 5, 2026, at 16:28 UK time.

The clip runs just over a minute.

Perez is seen standing in the paddock, wearing team gear, with a microphone in front of him.

The reporter asks plainly: is a majority stake in Cadillac F1 being sold?

Perez responds, but his words do not settle the question.

He speaks about the project.

He speaks about the future.

He does not say the stake is off the table.

That is the core of the story: the silence where a denial should be.

BACKGROUND ON THE RUMORS

Rumors that Cadillac's majority stake is for sale have been circulating for weeks.

No official confirmation has come from TWG Motorsports, General Motors, or the team itself.

The team's own newsroom shows no mention of any sale process.

Recent posts include a Mexico City race report, an energy partnership announcement, and Perez's contract extension.

Nothing about a sale.

But the chatter persists in F1 media and paddock circles.

Yahoo Sports published an analysis on November 5, 2026, arguing that the sale talk "misses the point."

The article states: "Nobody outside TWG, General Motors and a few lawyers can say whether a slice of Cadillac's Formula 1 team is actually being shopped."

It calls the chatter "unconfirmed" but "useful" because it forces a blunt question: what would a buyer actually be buying?

THE REAL ASSET

The analysis argues that the on-track product is not the draw.

After 19 rounds of the 2026 season, Cadillac has zero points.

Valtteri Bottas sits 23rd in the drivers' standings.

Sergio Perez sits 24th.

In Mexico City on November 1, Perez climbed from 20th on the grid to 17th at the flag.

Bottas retired on lap 46 after an incident the team says it will investigate.

The team's own report blamed equipment problems in both pit stops.

Team Principal Marcin Budkowski said the issues "cost both drivers time and positions on track."

Budkowski has been in the job since August 12, 2026.

He replaced Graeme Lowdon.

Dan Towriss called the move "another important step in the continued evolution" of the team.

A first-season team with no points and a new boss is not being valued on results.

Any buyer is paying for the grid slot, the factories in Silverstone, the Indianapolis area, and Charlotte.

And what comes next.

THE 2029 ENGINE

Cadillac currently runs Ferrari power units and gearboxes.

That deal was announced on December 11, 2024.

It runs only until GM's own engine is ready.

In April 2025, the FIA approved GM Performance Power Units LLC as a power unit supplier.

The company was formed by TWG Motorsports and GM.

Supply starts in 2029.

GM described the aim as a "full works" team.

The team's own releases describe it as backed by TWG Motorsports and General Motors.

No equity split is given.

That gap is the point.

The part of this project with the longest runway and the most strategic value is an engine company with a car manufacturer attached to it.

A new investor in the team would be stepping into a structure where GM's plans, not the team's results, set the ceiling.

PEREZ'S CONTRACT

Perez signed a contract extension with Cadillac that runs through at least 2029.

The deal was announced ahead of his home Grand Prix in Mexico.

He says it will be his last contract.

"I am clear that these last three years will be my last contract," he said, via Reuters.

Perez does not see himself in the sport for much longer.

It is not just age.

The time away from family is too much, especially with the Cadillac project requiring a larger time commitment.

THE MONEY

MotorBiscuit reports the deal is worth more than $100 million over three years.

ESPN reported, according to Sopitas, that Perez stands to earn in excess of $100 million for the three-year period, including bonuses.

That is over $30 million each year.

The figure is not official.

It would put him just behind Max Verstappen, Lewis Hamilton, Charles Leclerc, George Russell, and Lando Norris on the F1 pay list.

PEREZ ON THE PROJECT

"I'm really enjoying working with this team, with this project starting from zero," said Perez.

"It's a massive challenge that I'm facing. I've never been part of something new."

"Normally, when you come to a team, everything is structured, and the driver can influence very little in the team organization."

"Here, I feel like there is so much I can do other than just driving as fast as possible."

"Having full support from GM and TWG, I really believe that this is the right place for me."

"This is where I want to end my career on a high with the project."

"That's why I feel like I've got this final period of my career that I want to do the maximum with them."

THE SECOND SEAT

While Perez is sorted, the second seat is still up for grabs.

Valtteri Bottas seemingly signed a multi-year deal, but his position is not secure.

Cadillac tried to get Colton Herta his F1 super license in Mexico.

He was still short by one point.

He will get the chance to reach 40 points this weekend in Brazil.

He drives in FP1 in Perez's car.

The American is not the only one in the running.

Frederik Vesti, Liam Lawson, and Esteban Ocon are also rumored to be in the frame.

Bottas had a horror crash in Mexico and has urged the team to improve.

WHAT PEREZ DID NOT SAY

Back to the Sao Paulo press conference.

Perez was asked directly: is a majority stake at Cadillac up for sale?

He did not say "no."

He did not say "that's false."

He did not say "I have no knowledge of that."

He addressed the question.

He talked about the team's future.