Overview - SailGP is a fast-growing sports league aiming to redefine sailing's image [1] - The league was founded in 2019 by Larry Ellison and Russell Coates [2] Event & Spectator Experience - SailGP races feature high-performance hydrofoiling catamarans close to the waterfront [2] - Events are held in about a dozen cities worldwide, attracting spectators to Grand Prix [2] - The atmosphere is designed to be engaging, similar to Formula One, with elements like DJ performances [3] Investment & Growth Potential - High-profile investors, including Ares Management, Kylian Mbappe, Anne Hathaway, Ryan Reynolds, and Hugh Jackman, have stakes in SailGP [5] - The goal is to change perceptions of sailing and expand its appeal [5] Challenges - SailGP faces the challenge of attracting a large audience compared to Formula One, where the number of fans following SailGP is tiny compared to the millions of Formula One fans [4] - Establishing sailing as a mainstream spectator sport is a relatively new concept [4]

A new catamaran racing league is challenging old ideas of what sailing is all about.@Siobhan_Wagner catches a “NASCAR on the water” race on England’s southern coast. Read more in the Business of Sports newsletter https://t.co/WandxeMOhg https://t.co/nW7lSOimex ...

Fun was central to William F. Buckley’s success. He was warm, generous and had a gift for friendship, as well as passions outside politics: travel, music and, above all, sailing https://t.co/IDjBuv4yvm ...

Phoenician Exploration & Navigation - The project aimed to prove Phoenicians could have reached America 2000 years before Columbus [6] - The Phoenicians were skilled sailors, navigating by the Northern Star and circumnavigating Africa [4] - The replica ship, Phoenicia, was 20 meters long and 6 meters wide, built using ancient techniques [8] - The journey started from Carthage (Tunisia), passed through Gibraltar (Kadis), Morocco (Isawira), Canary Islands (Tenedife), Dominican Republic (Santa Domingo), and ended in Miami, Florida [9][10] - Crossing the Atlantic took 39 days, relying on trade winds and sea currents [10] Crew & Shipboard Life - The crew consisted of 12 people (10 men and 2 women) [12] - The crew was divided into three teams of four, with rotating duties including helming, cooking, cleaning, lookout, and pumping water [13] - Sleeping arrangements were basic, with hammocks or thin mattresses below deck [14] - Limited fresh water supplies meant using seawater for cooking, showering, and washing clothes [16] Cultural & Historical Significance - The Phoenicians were the indigenous people of the Levant, based in Lebanon and neighboring countries [2][3] - They invented the alphabet, traded purple dye, invented blown glass, and were skilled shipbuilders [3] - The Phoenicians focused on trade, exchange, and building connections rather than exploitation [5][20] - The Lebanese diaspora showed strong connection to their heritage upon seeing the ship [18][19]

Company Overview - SailGP was founded in 2018 by Larry Ellison and Sir Russell Coots [1] - SailGP features 12 nation-based teams competing in 13 Grand Prix events globally [1] - SailGP is described as the Formula 1 of sailing [1] Financial Performance & Investment - The season-long champion receives a $2 million prize [2] - Teams are now selling for $50 million or more to investor groups [2] - SailGP is expected to generate over $100 million in revenue for 2025 [3] Revenue Streams - Cities pay six-figure host fees, with Auckland, New Zealand paying over $1 million to host a Grand Prix [3] - SailGP receives millions annually from sponsors, including luxury brands like Rolex, Emirates, and Accor Hotels [3] Ownership Structure - Initially, the league fully owned six teams, but now 10 of 12 teams are privately owned [2] - Investor groups include celebrity owners like Kylian Mbappe, Anne Hathaway, and Gary Vaynerchuk [2]