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As one of two new teams for Season Five, the Italy SailGP Team revealed it is funded by a group of investors organized by Muse Sport, the sports investing and advisory practice of early-stage VC firm Muse Capital. The consortium is led by Muse founding partner Assia Grazioli-Venier, Italian luxury brand entrepreneur Gian Luca Passi de Preposulo, and team CEO Jimmy Spithill.
The transaction, which valued the team at $45 million, also includes Hollywood flair. Academy Award winning actress Anne Hathaway is among the investors, while Passi de Preposulo is married to Academy Award-winning actress and producer Jessica Chastain.
“Anne brings both vision and values to the table. We hope her involvement encourages more people to look under the hood of this league and realize this is not our grandfather’s sailing,” Grazioli-Venier told ESPN. “Her presence reflects the kind of team we’re building — one with heart, talent, and purpose.”
Muse Capital’s portfolio includes the Washington Spirit of the National Women’s Soccer League, Women’s Professional Baseball League, Sports Innovation Lab, and Just Women’s Sports. The acquisition marks the first women-led ownership group for the global racing championship.
The Italian-born Grazioli-Venier got her first taste of SailGP team ownership through the U.S. team, which she invested in several years ago as a minority partner. While the latest transaction closed in February, the new owners have effectively been financing and operating the team since its on-water debut in November.
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