ABU DHABI, 21st June, 2024 (WAM) – Mubadala Capital, the wholly owned asset management subsidiary of Mubadala Investment Company, and SailGP, the global racing championship, today 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, who share strong sustainability and innovation goals. 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 & 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.”
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