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The SailGP league’s pursuit of a fan-owned team got off to a slow start that has required extending deadlines for it to be confirmed when the fourth season begins on June 17-18 in Chicago, IL
Announced in November 2022, the timeline initially required 2000 people to invest $2000 US by January 15, 2023. However, finalizing all of the required investor and subscription documents took longer than anticipated, which delayed the opening until January with a new target closing date of the end of March.
Additional changes to becoming a SailGP team owner also increased the required investment for fans. Here’s the latest update from SailGP:
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