The Cadillac Formula 1 team, whose North American headquarters is under construction in Fishers, is being offered to potential buyers with an asking price of at least $3 billion, according to reporting by Kurt Badenhausen of Sportico.

Badenhausen, who broke the story, reported that at least seven parties have expressed interest, citing three people familiar with the process. Mark Walter controls the team through TWG Global, whose racing businesses operate under TWG Motorsports.

The report raises questions about future ownership as Cadillac builds its presence in Fishers. Neither of the supplied news reports identifies a buyer or describes any announced change to the headquarters project.

General Motors has confirmed that the Fishers campus is part of the team’s operations, alongside facilities in North Carolina and England.

The sale reporting follows earlier denials from TWG. In additional reporting, IndyStar motorsports reporter Zion Brown noted that a TWG spokesperson told the newspaper in August that the company was not considering selling Cadillac F1 or any other part of TWG Motorsports, including Andretti Global.

Brown reported that General Motors, which partners with TWG in the Cadillac team, declined to comment on Sportico’s report. TWG Motorsports did not immediately respond to IndyStar’s request for comment. Sportico also reported that TWG did not immediately respond to its inquiry.

Brown’s reporting provided additional context about federal scrutiny involving insurance businesses linked to Walter. According to IndyStar, the Justice Department and Securities and Exchange Commission are examining disclosures involving affiliated investments tied to Delaware Life and Clear Spring Life and Annuity. TWG Global has denied wrongdoing.

Brown also described a lawsuit alleging that customer premiums were directed into investments involving Walter-related companies. Those claims are allegations, not findings of wrongdoing.

For Fishers, the immediate unanswered question is whether a change in ownership would affect the team’s local plans. The reporting establishes interest in a possible sale, but does not establish that a transaction has been agreed upon or that construction plans have changed.