Key facts
- SailGP has finalized the sale of its New Zealand team.
- MSP Sports Capital has acquired the New Zealand SailGP team.
- The New Zealand team is the last of the 13 SailGP teams to be privately owned.
- The sale validates SailGP's strategy of attracting major investors.
SailGP has announced the completion of the sale of its New Zealand team to MSP Sports Capital. This transaction marks a significant milestone for the global racing league, as the New Zealand team is the final one of the 13 franchises to be privately owned. The sale underscores SailGP's successful strategy of attracting major investment into its teams and validates the league's commercial model. MSP Sports Capital's acquisition represents a key development in the ongoing commercial growth of SailGP, which aims to attract substantial investment across its franchises. The league has been working to ensure all teams are under private ownership, a goal now achieved with this latest deal.