Andretti Global, the prominent motor racing organization, is primarily owned by TWG Global, a holding company led by Mark Walter. Dan Towriss also holds a significant stake as co-owner and serves as the Chief Executive Officer (CEO) of the team.
Current Ownership Breakdown
The ownership of Andretti Global underwent a significant transformation in 2024. This strategic shift was driven by the team's overarching ambition, particularly its pursuit of an entry into Formula One.
- TWG Global (Mark Walter): In 2024, Andretti Global was sold to TWG Global. This holding company is led by Mark Walter, who is widely known as the lead owner of the Los Angeles Dodgers. His involvement brings substantial financial backing and experience from managing a major sports franchise to the racing team.
- Dan Towriss: Having initially become a minority owner during a 2023 restructuring, Dan Towriss continued his crucial involvement with the team following the sale to TWG Global. He now serves as both a co-owner and the Chief Executive Officer, playing a pivotal role in the day-to-day operations and strategic direction of Andretti Global.
The table below provides a clear overview of the key individuals and entities involved in the current ownership and leadership of Andretti Global:
| Owner/Leader | Role | Primary Affiliation |
|---|---|---|
| TWG Global | Majority Owner | Mark Walter (Los Angeles Dodgers Lead Owner) |
| Dan Towriss | Co-Owner, CEO | Andretti Global |
Strategic Restructuring and Future Vision
The changes in ownership reflect a calculated effort to fortify Andretti Global's structure and resources. The restructuring, which began in 2023 with Dan Towriss's initial investment, laid the groundwork for the subsequent sale to TWG Global. This evolution is directly linked to the team's continued drive to establish itself at the pinnacle of global motorsports, including its highly publicized bid to join the Formula One grid. The combined experience and financial strength of the new ownership group aim to provide the necessary support for Andretti Global's ambitious future endeavors across various racing series.
