Lewis Hamilton hits gold with $9bn valuation as team boss triggers record sale: F1 News Recap

Lewis Hamilton, 41, is enjoying a strong 2026 F1 season, sitting second in the drivers' standings, 50 points behind championship leader Kimi Antonelli. Cadillac F1 team co-owner Mark Walter has sold the NBA's LA Lakers for $12.5 billion, less than a year after purchasing the franchise from the Buss family for $10 billion in October 2025, generating a 25% profit in roughly 10 months. The buyers include Josh Kushner and former Disney chief Bob Iger, who are taking a controlling interest in the team.