Is SailGP making money?

Is SailGP making money?

Is SailGP now earning money? Absolutely! We don’t need any more funding from our founder Larry Ellison. Many of the SailGP teams are privately owned. Valuations have quickly surpassed $50 million, and celebrity owners such as Kylian Mbappé, Deontay Wilder, Jozy Altidore, Anne Hathaway, Gary Vaynerchuk, and DeAndre Hopkins have invested in teams. SailGP is not yet profitable, but that’s okay.Salaries at Sailgp typically range from $80,909 to $104,931 annually, reflecting the diverse roles and experience levels within the company.The boats, which cost about $4 million each, are identical. Larry Ellison, a two-time America’s Cup winner and the founder of Oracle, is the majority owner of SailGP. Ellison also owns seven of the teams, Coutts said. The boats may be the same, but how each team sails them is not.