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Fenway Sports Group is exploring the acquisition of the Cadillac Formula 1 team, currently owned by Mark Walter. Discussions have already taken place regarding this potential purchase. Walter, who has previously sold stakes in other sports teams, is reportedly open to selling Cadillac, which has struggled in its debut season. The estimated price for the team is around $3 billion. FSG, which owns the Boston Red Sox and Pittsburgh Penguins, aims to expand its sports portfolio with this acquisition.
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