Quantum Pacific Group acquires Spanish SailGP team Los Gallos

nytimes.com [$]

Israeli billionaire Idan Ofer's Quantum Pacific Group has acquired the Spanish SailGP team, Los Gallos. The purchase adds to Ofer's diverse sports portfolio, which includes stakes in Atletico Madrid and Movistar cycling. SailGP is a high-speed sailing competition attracting significant investment. Los Gallos, led by Diego Botin, won the 2024 championship and are currently fifth in the 2026 standings. The deal marks another team sale for SailGP, which reported over $200 million in annual revenue last year.


With a significance score of 1.9, this news ranks in the top 25% of today's 31836 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Quantum Pacific Group acquires Spanish SailGP team Los Gallos | News Minimalist