Sergio Perez Breaks Silence on Cadillac F1 Stake Sale Rumors

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

Nothing in the team's own newsroom suggests a sale.

The latest posts are a Mexico City race report, an energy partnership and Sergio Pérez's contract extension.

There is no confirmation of any sale process from TWG, GM or the team, so the chatter remains unconfirmed.

But the rumor is still a useful prompt.

It forces a blunt question: if you were buying into this team, what would you actually be buying?

The answer is not the thing on track.

It is an engine program that does not race until 2029.

Here is what a buyer would see on the timing screens.

After 19 rounds, Formula 1's official standings have Cadillac without a single point.

Valtteri Bottas is 23rd in the drivers' table and Pérez is 24th.

In Mexico City on November 1, Pérez 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 they "cost both drivers time and positions on track."

Budkowski has been in the job since August 12, when the team announced he would replace 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.

That asset sits next to the team, not inside it.

Here is what comes next.

Cadillac runs Ferrari power units and gearboxes, a deal announced on December 11, 2024.

That arrangement 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 with supply starting 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.

They give no equity split, so nobody outside can say who owns what.

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.

Sergio Pérez's role in this structure is now locked in.

On the weekend of his home Grand Prix in Mexico, Cadillac announced that Pérez will stay with the F1 team until at least 2029.

He said it will be his last deal.

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

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

It is not just the age factor, but the time it is taking from his family life.

Especially with the Cadillac project, where he has to spend a larger amount of time.

The reported money is huge.

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

That is over $30 million each year, though 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.

Pérez has re-signed even though the team is not doing well on track.

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

"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."

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

Valtteri Bottas seemingly signed a multi-year deal, but Cadillac tried to get Colton Herta his F1 super license in Mexico.

Herta was still short by one point.

He will get the chance to reach 40 points this weekend in Brazil when he drives in FP1 in Pérez'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.

At the Sao Paulo GP on Thursday, Pérez was questioned directly on whether a majority stake at Cadillac is indeed up for sale.

He addressed the question.

No transcript of his full answer has been published by the source.

But the fact that he was asked — and answered — shows the rumor has enough weight to reach the paddock.

What remains unknown is who, if anyone, is buying.

And what they would actually own.

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

But no equity split is given.

That gap means any potential buyer is negotiating blind on the most important detail: how much control GM keeps over the engine program.

The engine program is the asset that matters.