{"id":486455,"date":"2026-06-20T03:31:27","date_gmt":"2026-06-20T03:31:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/486455\/"},"modified":"2026-06-20T03:31:27","modified_gmt":"2026-06-20T03:31:27","slug":"black-foils-land-investment-deal-to-secure-sailgp-future","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/486455\/","title":{"rendered":"Black Foils land investment deal to secure SailGP future"},"content":{"rendered":"

An American private equity firm has taken a majority stake in the Black Foils SailGP team.<\/p>\n

MSP Sports Capital has aquired the team ahead of their return to the water<\/a> at the Canada Grand Prix in Halifax this weekend.<\/p>\n

Peter Burling and Blair Tuke will remain as co-ceos of the Black Foils but the investment marks a major milestone for the team that has been trying to get a funding deal<\/a> done for a couple of seasons.<\/p>\n

The Black Foils were the last boat in the 13-strong fleet to secure funding and had risked dropping out of the competition if they could not get private investors on board.<\/p>\n

SailGP was established by Oracle founder Larry Ellison and Sir Russell Coutts using a centrally-owned business model with the goal of transitioning to private team ownership.<\/p>\n

All SailGP boats are centrally owned and maintained by the league, with team operational budgets covered by corporate or private investors.<\/p>\n

“The goal of SailGP has always been to build something that world-class investors and sports operators would want to own,” Coutts said.<\/p>\n

Burling described the new ownership as an “exciting new chapter for us”.<\/p>\n

MSP’s veteran investor-operators Jeff Moorad and Jahm Najafi’s expertise spans the world’s largest sports leagues, including MLB, NBA, NFL, F1 and European football.<\/p>\n

“From the very beginning Pete and I set out to make the Black Foils a world-class team and sporting brand in all areas and we are thrilled to partner with MSP and work towards that goal and continue to grow the team,” Tuke said.<\/p>\n

The news follows recent high-profile acquisitions in the 2026 season, including Quantum Pacific’s purchase of the Spain SailGP Team, the sale of the Danish-flagged Rockwool Racing to Orlando Magic owner Doug DeVos, and the Hugh Jackman and Ryan Reynolds backed ownership group behind the Bonds Flying Roos (Australia) last year.<\/p>\n","protected":false},"excerpt":{"rendered":"An American private equity firm has taken a majority stake in the Black Foils SailGP team. MSP Sports…\n","protected":false},"author":2,"featured_media":486456,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[111,139,69,213],"class_list":["post-486455","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports","tag-new-zealand","tag-newzealand","tag-nz","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/486455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=486455"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/486455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/486456"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=486455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=486455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=486455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}