Ryan Reynolds & Hugh Jackman join Anne Hathaway in investing in SailGP by buying Australian team

Australia’s ocean dominance has got a Hollywood upgrade as Hugh Jackman and Ryan Reynolds became co-owners of the country’s three-times champion SailGP team, now rebranded as the BONDS Flying Roos.

The investment adds star power to the Australian outfit who have dominated the global sailing championship, winning a trio of titles in four seasons of the high-speed racing series.

SailGP, spruiked as Formula One on water and started in 2019, consists of 12 teams racing at 100km/h in 50-foot catamarans in harbours around the world starting in Perth next January and culminating in a grand final in Abu Dhabi.

Reynolds is already the co-owner of the Wrexham AFC with Hollywood comedic star Ron McElhenney.

The pair bought the club for US$2.5 million in 2021. The club achieved back-to-back promotions from the fifth tier of the English football system and is now worth US$475 million.

“We’re incredibly excited to set sail together in this new adventure,” Jackman and Reynolds said in a statement.

“Hugh brings a deep love for and pride in his home country as well as being an avid fan of sailing.”

The move comes just days after Oscar winner Anne Hathaway sailed into sports ownership, joining a female-led consortium who acquired the Red Bull Italy SailGP Team in what circuit CEO Russell Coutts called “another significant milestone in SailGP’s growth as a league”.

“This is an incredible milestone for us and for our sport,” said Tom Slingsby, who serves as driver, CEO and co-owner of the Flying Roos.

SailGP director Andy Thompson added: “Today marks a landmark moment not just for the Australia team, but for the trajectory of SailGP globally,” highlighting the “extraordinary combination of global reach, vision, commercial nous” the Hollywood duo bring.

The newly minted Flying Roos will debut under their star-studded ownership at the Mubadala New York Sail Grand Prix on June 7-8, where they aim to defend their position atop the championship leaderboard.