Trading & Financial News
No Result
View All Result
Saturday, June 28, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Forex News

Sailing-Brazil joins SailGP with backing from Abu Dhabi’s Mubadala

by Tradinghow
June 22, 2024
in Forex News
A A
0
Sailing-Brazil joins SailGP with backing from Abu Dhabi’s Mubadala
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Brazil will join SailGP with backing from Abu Dhabi sovereign fund Mubadala Capital, making it the first South American team to line up in the high-octane league of foiling 50-foot catamarans started by Oracle co-founder Larry Ellison and veteran sailor Russell Coutts.

The organisers said on Friday that the Mubadala-owned Brazil SailGP team will partner with Brazilian sports and entertainment firm IMM to operate the new outfit, whose full line up will be confirmed in the coming months.

IMM is owned by ex-Brazilian Olympic sailor Alan Adler, who is also chief executive of Brazil Motor Sports, promoter of the Sao Paulo Grand Prix Formula One race. Mubadala Capital is the asset management arm of Abu Dhabi’s Mubadala Investment Company.

“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,” SailGP’s CEO Coutts said in a statement.

Brazil will start racing from the beginning of SailGP’s fifth season, which is due to begin in November.

“This acquisition not only adds to our investment portfolio but also aligns with our long-term commitment to investing in Brazil,” Mubadala Capital Chief Investment Officer Oscar Fahlgren said in the same statement.

SailGP made the Brazilian announcement on the eve of its New York Grand Prix, the penultimate Season 4 event before the winner-takes-all Grand Final in San Francisco in mid-July.

 



Source link

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

Recent News

Forexlive Americas FX news wrap: Trump cancels trade talks with Canada

Forexlive Americas FX news wrap: Trump cancels trade talks with Canada

June 28, 2025
Smoke review: Like a Mahesh Bhatt thriller with an Apple-level budget and an MX Player vibe | Web-series News

Smoke review: Like a Mahesh Bhatt thriller with an Apple-level budget and an MX Player vibe | Web-series News

June 28, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In