Reported about 1 year ago
Mubadala Capital, owned by Abu Dhabi’s sovereign wealth fund, has purchased an expansion team in SailGP, the international sailing competition co-founded by Larry Ellison. Representing Brazil as the league’s 11th team, the new squad operated by IMM marks SailGP's first team from South America. The deal underscores Mubadala's existing ties with SailGP, with the aim of expanding its investments in Brazil, aligning with its commitment to the country.
Source: YAHOO