Home / Sports / Israeli Billionaire Buys Spanish SailGP Team
Israeli Billionaire Buys Spanish SailGP Team
9 Apr
Summary
- Idan Ofer's Quantum Pacific Group acquired the Spanish SailGP team.
- Los Gallos won the fourth edition of SailGP in 2024.
- This sale leaves only one team unsold by SailGP.
Quantum Pacific Group, a conglomerate led by Israeli billionaire Idan Ofer, has acquired the Spanish SailGP team, Los Gallos. This strategic purchase marks a significant milestone for SailGP, bringing the number of sold teams to 12 out of 13.
Los Gallos, captained by Olympic gold medallist Diego Botin, achieved victory in the fourth edition of SailGP in 2024. They are currently positioned fifth in the 2026 standings after three events.
Quantum Pacific Group expressed confidence in the Iberian market and SailGP's high-growth potential. The financial terms of the acquisition were not disclosed, but it is estimated to be in the region of $60 million. SailGP reported over $200 million in annual revenue last year.
The next SailGP race is scheduled for April 11-12 in Rio de Janeiro as part of the 2026 Rolex SailGP Championship.
