The high-octane SailGP series, often dubbed the Formula 1 of sailing, is charting a course for major global expansion. Following a record-breaking fifth season where it surpassed $200 million in revenue, the league is now targeting new franchises in India and South Korea and exploring new race venues in Hong Kong and Italy.
New Frontiers for the Global Fleet
In an exclusive interview, SailGP's managing director Andrew Thompson confirmed the ambitious growth strategy. The league, founded by tech billionaire Larry Ellison, is preparing to issue tenders early next year with the goal of expanding its fleet to a potential 16 teams. While a 20-team limit is in place, Thompson emphasised that any new entry would command a price tag of at least $60 million.
"We've been looking quite closely at India and South Korea," Thompson stated. He highlighted India's vast sporting market and existing sailing community, noting the recent success of a DP World Tour golf event there. The focus is on securing team owners with a "growth ethos and entrepreneurial mindset" who will actively develop the sport.
Record Growth and Celebrity Investment
The expansion drive follows SailGP's most successful season to date. Record attendances, including a crowd of 20,000 for the UK leg in Portsmouth, propelled revenues past the $200m milestone. This financial success has allowed Ellison to scale back his direct funding of the series. The league's profile has been boosted by investments from high-profile figures including footballer Kylian Mbappé and actors Hugh Jackman and Anne Hathaway.
This month, the Emirates Great Britain team, skippered by Sir Ben Ainslie, clinched its first championship title in Abu Dhabi. Meanwhile, a fierce $100 million battle is underway between China, Abu Dhabi, and Mexico to secure new team entries by 2027.
Global Race Calendar and Hosting Fees
Thompson identified 14 global events as the ideal number for the race calendar. Potential new host locations are a key part of the growth plan. "Hong Kong Harbour would be amazing. Korea is another one," he said, adding that Italy and other Middle Eastern destinations are also under consideration.
While Thompson did not disclose specific figures, sources close to SailGP indicate that hosting fees for its events can run into the tens of millions of dollars, underlining the significant economic impact for host cities.
The upcoming 2026 season will commence in Perth, Australia, on 17 January, followed by two further races in Australasia. The UK leg will return to Portsmouth in July 2026.
