Ares Management acquires stake in France SailGP Team

SailGP announced that Ares Sports, Media and Entertainment funds have acquired a minority stake in the France SailGP Team. Jim Miller, Co-Lead of Ares’ Sports, Media and Entertainment strategy said, “SailGP has achieved impressive growth across its teams, viewership and engagement, and we are thrilled to enter the league and join the France SailGP Team’s existing owners group at this inflection point. With the team’s expanding ecosystem of dedicated athletes, sponsors and fans, alongside Ares’ experience investing in premier global sports teams, we are eager to lend our capabilities as the team continues to build on its momentum.”