A groundbreaking move in the world of sailing as a consortium, spearheaded by Muse Capital’s Assia Grazioli-Venier, has secured the acquisition of the Italian SailGP team for a whopping US$45 million. This acquisition marks a significant milestone, with Grazioli-Venier becoming the first female-led ownership group in the prestigious sailing series.
Joining forces with luxury brand entrepreneur Gian Luca Passi de Preposulo, Grazioli-Venier’s investor group includes notable personalities such as actress Anne Hathaway, art auctioneer Alexander Gilkes, and US physician Dr. Jennifer Ashton. The team is set to be helmed by none other than SailGP veteran and former World Sailor of the Year Jimmy Spithill, who will also serve as the chief executive and co-owner of the Italian SailGP outfit.
Red Bull has already come on board as the title partner of Team Italy in what promises to be an exciting journey ahead. The involvement of such high-profile individuals and reputable brands underscores the immense value and potential within the sailing industry.
The valuation of US$45 million speaks volumes about the growth and allure of SailGP teams. As noted by Andy Thompson, SailGP’s managing director, team valuations have witnessed a substantial surge this year, further solidifying their appeal to private investors. With projections indicating that all existing teams will transition into private ownership by season five’s conclusion, it is evident that competitive sailing is evolving into a lucrative investment opportunity.
Grazioli-Venier expressed her enthusiasm about tapping into SailGP’s vast commercial potential for global expansion under their strategic leadership. She emphasized how this ownership group embodies values of excellence, innovation, and inclusivity—key pillars essential for success in such a dynamic environment.
In response to this game-changing development, Russell Coutts, chief executive and co-founder of SailGP, welcomed Grazioli-Venier’s team with open arms. He highlighted their wealth of experience and commercial acumen as invaluable assets that will propel SailGP towards greater heights as a premier league in competitive sailing.
Looking ahead on the horizon lies the anticipation for the upcoming New York Sail Grand Prix scheduled between 7th and 8th June—an event sure to witness heightened excitement and fierce competition among sailing enthusiasts worldwide.
As we witness this monumental shift in sail racing dynamics through strategic acquisitions like these ones led by Muse Capital’s Assia Grazioli-Venier-backed consortium—the winds seem to be changing direction towards new possibilities within this exhilarating sport!
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