New York-based private equity investor MSP Sports Capital has acquired a majority stake in New Zealand’s SailGP team, the Black Foils, further extending its sports portfolio and marking another step in the continued commercialisation of the sailing league, according to a report by Reuters.
The deal, confirmed by SailGP organisers on Friday, adds to MSP Sports Capital’s growing holdings across global sports properties, which include interests in initiatives such as the X Games League and a number...
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