How much does a SailGP team cost?
As the global sailing championship plans to expand from 12 teams to 14 next season, the cost it will take to buy a team outright is expected to exceed $60 million — $55m more than it would have cost to buy a franchise when the competition started six years ago. 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.SAILGP. Ben’s Athena Sports Group owns 60% of the Emirates Great Britain Sail Grand Prix Team, one of 12 team franchises in the Global Sailing League ‘SailGP’.