Larry Ellison's Sailing League Gets Brazil Expansion Team Owned by Mubadala [Yahoo! Finance]
Oracle Corporation (ORCL)
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Source: Yahoo! Finance
Most Read from Bloomberg CDK Tells Car Dealers Their Systems Will Likely Be Down for Days At Blackstone's $339 Billion Property Arm, the Honeymoon Is Over Car Dealerships Across US Halt Services After Cyberattack Putin's Hybrid War Opens a Second Front on NATO's Eastern Border United Airlines Jet Turns Back After Engine Piece Falls Off In a deal set to be announced Friday, the new team will represent Brazil as the league's 11th team and its first squad from South America. It will be operated by IMM, a Brazilian sports and entertainment firm led by former Olympic sailor Alan Adler. Financial terms of the agreement weren't disclosed. “There's a rich sailing history in Brazil,” SailGP Managing Director Andrew Thompson said in an interview. “We can see there's a groundswell of support for establishing a team in the country.” SailGP, a championship where teams race 50-foot foiling catamarans, was started by Oracle Corp.'s billionaire co-founder Larry Ellison and yachtsman
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ORCL
Earnings
- 6/11/24 - Beat
ORCL
Sec Filings
- 6/27/24 - Form 4
- 6/26/24 - Form 144
- 6/24/24 - Form 4
- ORCL's page on the SEC website