SailGP Expands Global Footprint through 2028, Advances Team Ownership Model
SailGP, the global sailing league, is charting a course for continued growth with extended event hosting agreements and significant strides toward its team ownership goals. These developments signal a robust future for the competition, promising more thrilling races and a more sustainable business model.
Expanding the Race Calendar
Several key locations have reaffirmed their commitment to hosting SailGP events through at least 2028. This includes a notable expansion for Canada, which will host its inaugural event next year and remain on the calendar for several years to come.
Here’s a breakdown of the confirmed and extended event locations:
* Canada: First event in 2025, continuing through 2028.
* Rio de Janeiro, Brazil: Confirmed for 2026 and adding a second event in 2027.
* Bermuda: Deal extended through 2028.
* New York City: Grand Prix scheduled for May 30-31, 2026, and June 5-6, 2027.
* Portsmouth, UK & Dubai, UAE: Hosting rights extended for one additional year through 2027.
A Streamlined 2026 Schedule
Next year’s competition will feature a consolidated schedule, entirely contained within the 2026 calendar. It will kick off in January in perth, marking a shift from previous years that spanned across the new year. This streamlined approach aims to create a more focused and intense racing season.
Progress Towards Private Team Ownership
As its inception in 2019, SailGP has been working towards a model of privately owned teams. I’ve found that this transition is crucial for long-term stability and growth. Significant progress has been made in recent months, demonstrating the league’s commitment to this goal.
Recent developments include:
* Next 3 Ventures: This US sports-focused investment firm has taken a stake in the US SailGP Team.
* Ares Management: The French team has completed the sale of its final stake to this US private equity firm.
these investments represent a major step forward, signaling increased confidence in the league’s potential and paving the way for a more sustainable and competitive future. Here’s what works best: attracting diverse investment strengthens the league and empowers teams to focus on performance.
SailGP’s continued expansion and evolving ownership structure position it as a dynamic and increasingly influential force in the world of professional sailing. The league is clearly focused on building a long-term legacy, and these recent developments are a testament to that commitment.
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