Mubadala Capital and SailGP have acquired the league's first-ever South American team.

Mubadala Capital, the wholly-owned asset management subsidiary of Mubadala Investment Company, and SailGP, the global racing championship, have 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 a series of partnerships between Mubadala and SailGP, with shared goals of sustainability and innovation. This investment will pave the way for enhanced training and development opportunities for Emirati sailing talent, within the UAE and internationally, following the success of the inaugural Abu Dhabi race earlier this year. The Brazil Team will take part in the next SailGP event in the UAE, offering fans in the region a thrilling opportunity to witness world-class sailing up close.

The addition of a South American team is a significant 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.

Homaid Al Shimmari, Deputy Group CEO and Chief Corporate & Human Capital Officer of Mubadala, 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.”

SailGP CEO Sir Russell Coutts added, “Brazil has achieved an incredible history of success in Olympic sailing, and it’s fitting that they are now entering the professional ranks of SailGP – competing against the best in the world. This opens up a new and very significant market for SailGP, and we’re incredibly excited to further develop Brazil’s passionate fan base and strengthen our connection to the region.”

Oscar Fahlgren, Chief Investment Officer of Mubadala Capital, also expressed enthusiasm: "We are thrilled to partner with SailGP to form the first-ever South American SailGP Team. This acquisition not only adds to our investment portfolio but also aligns with our long-term commitment to investing in Brazil, while enhancing our ability to create lasting positive social and environmental impact."

The Mubadala Brazil SailGP Team will partner with Brazilian sports and entertainment firm IMM to operate the team. Founded by ex-Brazilian Olympic sailor Alan Adler (CEO), IMM’s portfolio includes some of Brazil’s most iconic events, including the Rio Open and São Paulo Grand Prix Formula 1 race.

The full team line-up will be revealed in the coming months, with Adler expressing his excitement: “We are eager to engage the passionate Brazilian fans and bring this dynamic team to life. The Mubadala Brazil SailGP Team will inspire and connect with our community, promoting the sport and its values across South America.”

Brazil will join the startline of the global racing championship from the beginning of Season 5, which commences in November 2024. SailGP is a global championship with national teams battling it out in identical high-tech, high-speed 50-foot foiling catamarans at iconic venues around the world. Now in its fourth Season, SailGP provides 13 events in a year-round calendar, with further expansion slated for Season 5.
The establishment of the Brazilian team signifies an exciting development in SailGP’s growing partnership with Mubadala. Last year, Mubadala announced its Global Partnership with SailGP, solidifying a commitment that extends through the 2026 season. Mubadala will serve as the Title Partner for SailGP's New York event this weekend, after previously sponsoring events in San Francisco and Abu Dhabi.
Mubadala began its partnership with SailGP as the title sponsor for the San Francisco race in Season 3, aligning with its responsible investing approach and SailGP’s ambition to be the world’s most sustainable, purpose-driven global sports and entertainment platform. The partnership expanded further with the launch of the Abu Dhabi race. Today, it also extends beyond the water.
Last month, both organizations announced a new production partnership with Strata Manufacturing, a Mubadala-owned aerospace facility, to develop and manufacture new SailGP hydrofoils and rudders to be introduced in Season 5, as well as other key elements of SailGP’s F50 catamarans. The partnership also underscores the importance of building a sustainable future by integrating responsible investment practices with cutting-edge technology and promoting environmental stewardship within sport. Mubadala will also continue to support SailGP Inspire - the league’s youth community outreach and education program - which has engaged more than 21,000 young people in host venues around the world.
Beginning tomorrow, Saturday, June 22, the Mubadala New York Sail Grand Prix marks the penultimate stop on the Season 4 calendar before the winner-takes-all Grand Final in San Francisco on July 13-14.