Mubadala And SailGP Team Up To Form Brazilian Sailing Team
Mubadala Capital and SailGP, the global racing championship, have announced a strategic investment to acquire a newly formed SailGP Team to represent Brazil.
This will be the first South American squad to join the SailGP league and the first of new teams confirmed ahead of Season 5.
The acquisition is the latest in the series of partnerships between Mubadala and Sail GP.
Mubadala invest in Brazilian SailGP Team
It paves the way for enhanced training and development opportunities for Emirati sailing talent, both within the UAE and internationally, building on the success of the inaugural Abu Dhabi race earlier this year.
The Brazil Team will be part of the next SailGP event in the UAE and gives fans in the region a thrilling opportunity to witness world-class sailing up close.
The addition of a South American team is a powerful boost for the tournament and an important step in the Emirate becoming a global sports and entertainment hub.
This race brings an international sport to the region and demonstrates Mubadala’s and the UAE’s commitment to sustainability on the global stage.
Mubadala’s Homaid Al Shimmari, Deputy Group CEO and Chief Corporate an Human Capital Officer, 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 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.”
Oscar Fahlgren, Chief Investment Officer of Mubadala Capital, said: “We are thrilled to partner with SailGP to form the first-ever South American SailGP Team.
“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.
Founded by ex-Brazilian Olympic sailor, Alan Adler (CEO), IMM’s portfolio includes some of Brazil’s most iconic events, including the Rio Open and São Paulo Grand Prix Formula 1 race.
Adler said: “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.”
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.
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