• Loading stock data...
Sunday, February 25, 2024
Rates for the 2024 Best Venue Awards increase this Sunday at 11:59 p.m. ET

Celeb-Packed Group Makes Biggest Deal Ever For Sailing Team

  • Ownership group for U.S. team includes figures from sports, entertainment, and technology.
  • Deal designed to capitalize on rising prominence for high-tech sport.

Competitive sailing isn’t exactly the most popular spectator sport in the U.S. or a magnet for celebrity investment. But a group of prominent figures from sports, entertainment, and technology have combined to buy a team — and in the process set a new record for the sport.

The U.S. team of international sailing competition SailGP has been acquired by a group led by Uber Technologies Inc. executive Ryan McKillen and world champion sailor Mike Buckley.

But the pair are joined by former Milwaukee Bucks co-owner Marc Lasry, pro boxer Deontay Wilder, former U.S. men’s national soccer team player Jozy Altidore, actress Issa Rae, serial tech entrepreneur Gary Vaynerchuk, and NFL players DeAndre Hopkins, Malik Jackson, and Roquan Smith.

Financial terms were not disclosed, but reports suggest the deal far exceeds — and perhaps nearly doubles — the $40 million valuation placed on SailGP’s Great Britain team late last year. 

The investment is designed to capitalize on the rising prominence of SailGP, a global league centered on high-tech catamaran racing. Founded in 2019 by billionaire tech titan Larry Ellison, SailGP has since made a steady push toward mainstream acceptance, a process that should only accelerate with the new U.S ownership team.

“We recognize the growth trajectory of SailGP and how our U.S. SailGP team can introduce the future of on-water racing at the highest level,” McKillen said. 

NIL Investment

Also among the investors was Alabama linebacker Dallas Turner, who was recently named a finalist for the Chuck Bednarik Award as college football’s best defender.

“I want to blaze a trail for kids to think outside the box and my investment in the U.S. SailGP Team proves that you can start building your network even while still in school,” said Turner.

Turner could add to his already impressive coffers through the investment: The junior has an NIL valuation of $736,000 — good enough to rank 38th in college football and 57th among all current NIL athletes.

Copy Link
Link Copied
Link Copied

What to Read

Making Sense of What More CFP Expansion Would Mean

Leaders of the CFP discussed the potential for a 14- and even 16-team Playoff.

MLB Uniform Furor: Lighter, More Flexible … and See-Through

See-through uniform pants create a social media stir, extending blowback on the new design.

‘Gotta Get in First’: For LIV Golfers, a New Path to the Green Jacket

Augusta National extended special invitations to three international golfers.

Where Are the A’s Playing Next Year? Let’s Weigh the Options

Highly anticipated decision on MLB team’s temporary home could arrive within weeks.
podcast thumbnail mobile
Front Office Sports Today

How the Negro Leagues Are Staying in the Game


Featured Today

Sham Gods: The Rapidly Growing World of Sports Impersonators on X

Fake Schefters and Wojs, fabricated trade demands, and borrowed profile pictures.
Sep 24, 2023; Oakland, California, USA; A general view of the Oakland Athletics dugout after the game against the Detroit Tigers at Oakland-Alameda County Coliseum.
February 24, 2024

Murky Future: Everything You Need to Know About the A’s Move to Las Vegas

Breaking down one of the most drawn-out, multifaceted sagas in sports.
February 18, 2024

Sabrina-Steph Wasn’t the ‘Battle of the Sexes’—But It Was Part of the Bigger War

The competition could play a factor in increasing the WNBA’s media value.
NASCAR Cup Series driver Bubba Wallace (23), in a Star Wars rebel alliance X-wing fighter pilot-inspired race suit, motions to the crowd to get louder during the driver introductions for the Cup Series Championship race at Phoenix Raceway in Avondale on Nov. 5, 2023.
February 17, 2024

Celebrity Owners, International Ambitions, and $7B Media Deals: Welcome to the New NASCAR

NASCAR boldly keeps pace with the increasingly competitive sports and entertainment world.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Finance Manager
New York, NY
Senior Technical Artist - Sports Technology
EA Sports
Orlando, FL
Assistant Manager, Affiliate Operations
Portland, OR
NFL salary cap

NFL Salary Cap Sees Historic Spike Ahead of 2024 Season

Each franchise was allotted $255.4M, which is a $30M increase for each team.
MLB Arizona
February 22, 2024

MLB Seeks Minimum Wage Exemption in Arizona

The system is for minor league players due to a previously agreed-on labor agreement.
February 23, 2024

Despite Nike’s Efforts, MLB Uniform Controversy Isn’t Looking Good

Manufacturer touts product benefits but ignores complaints of see-through fabric.

Live Sports Are Now High-Tech Experiences

Oracle is leading the technology revolution happening in stadiums across the world.
February 21, 2024

Messi Returns to MLS With the Weight of the League on His Shoulders

Inter Miami kicks off the MLS season against Real Salt Lake.
February 20, 2024

Pundits Bashed a 397-Point NBA All-Star Game—But Fans Still Watched

Silver struggles to conceal his frustration with the game’s lack of competitiveness.
MLS refs
February 20, 2024

The MLS Is Starting Its Season With Replacement Refs—Here’s Why

Union refs wanted a better deal, especially with traveling and scheduling.
February 19, 2024

The Great Outdoors: NHL Sets Attendance Records With MetLife Stadium Series Games

There’s no evidence of waning enthusiasm for the league’s non-arena outings.