Why NBA Owner, American Magic Secured $98.8m SailGP Team

Why NBA owner, American Magic secured $98.8m SailGP team

The fastest SailGP team on water is off the market. Ahead of this weekend’s regatta in Auckland, the global foiling league has confirmed that the Danish...

American Magic Acquires Danish ROCKWOOL Racing SailGP Team in Landmark Deal

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American Magic acquires Danish team

ROCKWOOL Racing SailGP Team, one of 13 teams competing the SailGP global sports league, has been acquired by leading sports investor and American Magic Co-Founder, Doug DeVos. The transaction brings together leaders in global business and high-performance sport with a shared ambition to accelerate on-water performance and bolster the next generation of professional racing talent. “American Magic are world-class operators, equipped to compete at …

American Magic buys Danish SailGP team for $60m

Editor's note: This story is part of The Athletic's coverage of SailGP, an international sailing competition that has been likened to Formula 1 on water. Follow SailGP here.