America’s Cup chaos as US entry withdraws two days before deadline Sport Business US sailing team American Magic has withdrawn from the next America’s Cup after British entry Athena and holders New Zealand signed a new commercial deal. American Magic, whose founders include Indianapolis Motor Speedway owner Roger Penske, cited issues with the present structure, insisting it “does not provide the framework for American Magic to operate a [...]
SailGP to announce expansion team in coming weeks Sport Business The expanding SailGP sailing series will announce details of a 13th team in the “coming weeks” before adding a 14th in 2027. The Formula 1 of water has an eclectic mix of celebrity, brand and private owners and will see two further teams join the regatta series in the coming years. Two years ago there [...]
Exclusive: America’s Cup deal opens door to sailing prize money Sport Business The new commercial partnership signed as part of the coming 38th America’s Cup opens the door to the world’s oldest sporting trophy offering prize money, City AM can reveal. An agreement signed by the defending champions, The Royal New Zealand Yacht Squadron, and the British challenger, The Royal Yacht Squadron, is seen as a seismic [...]
Chelsea investors Ares buys stake in Mbappe SailGP team June 18, 2025 Chelsea, McLaren Racing and Miami Dolphins investor Ares Management has joined Kylian Mbappe in buying into the French SailGP team. The US firm’s minority stake will see the sailing team become entirely privately owned, and follows recent celebrity investments in the series from the likes of Anne Hathaway (Italy) and Ryan Reynolds (Australia). Ares Management [...]
The Devil Wears Prada star Anne Hathaway buys into SailGP team May 27, 2025 Star of The Devil Wears Prada and Ocean’s 8 Anne Hathaway has become the latest celebrity to buy into SailGP. The actress has joined a consortium led by Assia Grazioli Venier, the co-founder of Muse Capital and youngest ever board member at Juventus, in buying into the Italian sailing team. She follows footballer Kylian Mbappe’s [...]
Naples, Italy to host 2027 America’s Cup with PM Meloni backing May 15, 2025 Naples in Italy will host the 38th America’s Cup after holders New Zealand were unable to stage the sailing regatta in their own country. The Aotearoa government rejected attempts by Emirates Team New Zealand after the Kiwis won the last event in Barcelona, beating Sir Ben Ainslie and Sir Jim Ratcliffe’s challenger Britannia. “While the [...]
America’s Cup: Government reject New Zealand attempt to host on home soil March 31, 2025 America’s Cup winners New Zealand will not defend their title at home in Auckland after the nation’s government refused to back plans for the 2027 regatta. New Zealand are double defending champions having won the 36th America’s Cup in 2021 in Auckland before successfully winning a second consecutive title in Barcelona. The Government of Catalonia, [...]
Real Madrid star Kylian Mbappe invests in France SailGP team March 14, 2025 France and Real Madrid footballer Kylian Mbappe has expanded his sports portfolio by investing in SailGP. The World Cup winner has invested in his native France SailGP Team with 10 of the 12 teams on the circuit now having some form of private backing. The 26-year-old joins the likes of former F1 driver Sebastian Vettel, [...]
Man United investor Ineos splits with key sport figure January 24, 2025 Ineos, minority investors of Manchester United, split with a key sports figure on Thursday, citing a failure to agree over the future. The Sir Jim Ratcliffe-owned chemicals giant and British Olympic gold medal winner Sir Ben Ainslie have parted ways following Britain’s first appearance in an America’s Cup final in 60 years. The two parties [...]
Howden: Insurance giant expands sport portfolio with SailGP sponsorship January 16, 2025 Insurance giant Howden this morning expanded their sports sponsorship portfolio, announcing a three-year partnership with SailGP team Emirates GBR. The group, headquartered at One Creechurch Place, will see Sir Ben Ainslie’s sailing team join their roster of sporting sponsorships, which include the British and Irish Lions, Ascot Racecourse, Victoria Racing Club in Australia and the [...]