The Canada SailGP Team has been acquired by Canadian biotech entrepreneur Dr Greg Bailey, SailGP can confirm.
The news follows months of speculation about the team’s future and secures Canada’s place on the 2024/25 Season start line.
The Canada SailGP Team has been acquired by Canadian biotech entrepreneur Dr Greg Bailey, SailGP can confirm.
The news follows months of speculation about the team’s future and secures Canada’s place on the 2024/25 Season start line.SailGP managing director Andrew Thompson described the sale as ‘another milestone’ for the league.
“SailGP continues to attract interest from a range of different investors and ownership groups. In many ways, this transaction validates the business model - a professional sports team has acquired new ownership and in doing so, retains position in the league; to my knowledge that’s not happened in sailing before.”
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