Brazil forms SailGP team

Mubadala Capital and SailGP, the global racing championship, announced a strategic investment to acquire a newly-formed SailGP Team to represent Brazil. Brazil will be the first South American team to join the SailGP league and the first of new teams and new ownerships confirmed ahead of Season 5.

Celebrating the announcement, SailGP CEO Sir Russell Coutts said, “Brazil has achieved an incredible history of success in Olympic sailing and it’s fitting they are now entering the professional ranks of SailGP, competing against the best in the world. This opens up a new and very significant market for SailGP and we’re incredibly excited to further develop Brazil’s passionate fan base and strengthen our connection to the region.”

“We are thrilled to partner with SailGP to form the first-ever South American SailGP Team,” said Oscar Fahlgren, Chief Investment Officer of Mubadala Capital. “This acquisition not only adds to our investment portfolio but also aligns with our long-term commitment to investing in Brazil, while enhancing our ability to create lasting positive social and environmental impact.”

The Mubadala Brazil SailGP Team will partner with Brazilian sports and entertainment firm IMM to operate the team. Owned by ex-Brazilian Olympic sailor, Alan Adler (CEO), IMM’s portfolio includes some of Brazil’s most iconic events, including the Rio Open, Cirque Du Soleil and São Paulo Fashion Week. Adler is also CEO of Brazil Motor Sports, the promoter of the São Paulo Grand Prix Formula 1 race.

With the full team line-up set to be revealed in the coming months, Adler expressed his excitement, “We are eager to engage the passionate Brazilian fans and bring this dynamic team to life. The Mubadala Brazil SailGP Team will inspire and connect with our community, promoting the sport and its values across South America.”

Brazil will join the starting line of the global racing championship from the beginning of Season 5, which commences in November 2024. The most exciting racing on water, SailGP is a global championship with national teams battling it out in identical high-tech, high-speed 50-foot foiling catamarans at iconic venues around the world. Now in its fourth Season, SailGP provides 13 events in a year-round calendar, with further expansion slated for Season 5.

The formation of the Brazilian team marks an exciting chapter in SailGP’s expanding relationship with Mubadala. Last year, Mubadala announced its Global Partnership with SailGP, solidifying a commitment that extends through the 2026 season. Mubadala will serve as Title Partner for SailGP’s New York event this weekend, having previously sponsored events in San Francisco and Abu Dhabi.

Mubadala’s Chief Communications Officer, Brian Lott said, “Together with SailGP, we are building a community dedicated to creating a better sport and a better planet. There is strong alignment between our responsible investing approach and SailGP’s ambition to be the world’s most sustainable, purpose-driven global sports and entertainment platform. This partnership reflects our commitment to supporting the communities and regions where we invest, aligning our capital deployment with local community engagement.”

SailGP and Mubadala’s partnership also extends off the water. Last month, both organizations announced a new production partnership with Strata Manufacturing, a Mubadala-owned aerospace facility, to develop and manufacture new SailGP hydrofoils and rudders to be introduced in Season 5, as well as other key elements of SailGP’s F50 catamarans.

The partnership also emphasizes building a sustainable future – integrating responsible investment practices with cutting-edge technology and promoting environmental stewardship within sport. Mubadala will continue to support SailGP Inspire – the league’s youth community outreach and education program – which has reached a significant milestone, engaging 21,256 participants to date.

SailGP information – New York details– YouTube – How to watch

Season 4 – 2023
June 16-17 – United States Sail Grand Prix | Chicago at Navy Pier
July 22-23 – United States Sail Grand Prix | Los Angeles
September 9-10 – France Sail Grand Prix | Saint-Tropez
September 23-24 – Italy Sail Grand Prix | Taranto
October 14-15 – Spain Sail Grand Prix | Andalucía- Cádiz
December 9-10 – Dubai Sail Grand Prix | Dubai*

Season 4 – 2024
January 13-14 – Abu Dhabi Sail Grand Prix | Abu Dhabi
February 24-25 – Australia Sail Grand Prix | Sydney
March 23-24 – New Zealand Sail Grand Prix | Auckland
March 23-24 – New Zealand Sail Grand Prix | Christchurch
May 4-5 – Bermuda Sail Grand Prix
June 1-2 – Canada Sail Grand Prix | Halifax
June 22-23 – United States Sail Grand Prix | New York
July 13-14 – SailGP Season 4 Grand Final | San Francisco
* Added October 3, 2023

Format for Season 4:
• Teams compete in identical F50 catamarans.
• Each event runs across two days.
• Up to seven qualifying fleet races of approximately 15 minutes may be scheduled for each regatta.
• The top three teams from qualifying advance to a final race to be crowned event champion and earn the largest share of the $300,000.00 USD event prize money purse (increases to $400k for Abu Dhabi with the winning team now earning $200k at each event).
• The season ends with the Grand Final, which includes the Championship Final Race for the top three teams in the season standing with the winner claiming the $2 million USD prize.
• The top team on points ahead of the three-boat Championship Final will be awarded $350,000.00.

For competition documents, click here.

Established in 2018, SailGP seeks to be an annual, global sports league featuring fan-centric inshore racing among national teams in some of the iconic harbors around the globe.

Source: SailGP