American Magic take over Danish SailGP team in $60 million deal

Pensacola's American Magic buys Danish SailGP team for $60M

Pensacola is now home to its own SailGP team, with American Magic announcing that it has bought Rockwool Racing for $60 million.

American Magic take over Danish SailGP team in $60 million deal

American Magic, the sailing team backed by U.S. sports investor Doug DeVos, has bought Danish SailGP speed record holders ROCKWOOL Racing in a $60 million deal launched on the eve of the global league's New Zealand event.

SailGP: Video interview with Terry Hutchinson on American Magic's SailGP team merger

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Devos' American Magic acquires Denmark SailGP team in record $60m valuation

Doug DeVos, the US businessman who co-founded the American Magic sailing organization, has acquired the Denmark SailGP team in a record $60 million transaction.