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Reynolds and Jackman Acquire Australia’s SailGP Team and Rebrand It as BONDS Flying Roos

Their co-ownership alongside Olympic champion Tom Slingsby positions the squad for its Mubadala New York Sail Grand Prix debut

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SailGP F50 team Canada competes in front of the Statue of Liberty after the start of the finals race during the SailGP sailboat racing event won by team New Zealand in New York Harbor, New York City, U.S. June 23, 2024. REUTERS/Mike Segar/File Photo

Overview

  • Ryan Reynolds and Hugh Jackman became co-owners of the Australian SailGP team on June 5, marking Jackman’s first major sports investment and expanding Reynolds’s international holdings
  • SailGP sold a majority stake to the duo while retaining a minority interest, with financial terms undisclosed
  • The team has been renamed the BONDS Flying Roos under a title partnership with Australian underwear brand BONDS
  • Olympic gold medalist Tom Slingsby continues as driver, CEO and co-owner as the squad readies for the June 7-8 New York Sail Grand Prix
  • SailGP’s global championship, founded in 2019 by Russell Coutts and Larry Ellison, features 12 national teams racing identical 50-foot foiling catamarans