Posted by It was always known that the financial support from major Oracle shareholder and founder Larry Ellison was not open-ended and Team Japan becomes the first casualty of that.
The statement released regarding SailGP Team Japan reads as follows:
“After much deliberation and taking into account logistical and commercial considerations, SailGP has made the difficult decision to pause the participation of Japan SailGP Team indefinitely. The league would like to thank Nathan Outteridge and all of the athletes and staff involved in the Team for their outstanding performance in the first two seasons of SailGP and wish them the very best for the future.
Season 3 will continue with nine teams racing for the remainder of the season…
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