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.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARES:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue