Sports
US Pro Sailing Team Acquired in the Sport’s Biggest-Ever Deal
- SailGP is selling off many squads to independent investors
- Sale tops $40 million valuation for British sailing team
The United States SailGP team during a practice run in San Francisco.
Photographer: Josh Edelson/AFP/Getty ImagesThe US team of international sailing competition SailGP has been acquired by investors in the sport’s biggest team deal to date.
The deal significantly surpasses the $40 million valuation for the UK’s Emirates GBR sail team earlier this year, according to a person familiar with the matter, who asked not to be identified discussing private information.