INEOS Group AG

11/26/2019 | News release | Distributed by Public on 11/26/2019 05:10

Ben Ainslie’s INEOS TEAM UK joins Great Britain SailGP Team

Tuesday, 26 November 2019

Most successful Olympic sailor of all time to serve at helm of SailGP's British entry

INEOS joins as Presenting Partner, alongside Belstaff, Grenadier and AFEX,
which serve as Supporting Partners of the new-look Great Britain SailGP Team

London - November 26, 2019 - Ben Ainslie - the most successful Olympic sailor of all time - today joined the Great Britain SailGP Team. Beginning in the global league's second season kicking off in February 2020, Ainslie and a world-class squad of athletes will represent Great Britain in SailGP - sailing's newest and fastest championship that boasts the sport's largest monetary prize of US$1 million.

Ainslie's SailGP team will be fully announced early next year, utilizing a combination of athletes from INEOS TEAM UK - the British challenger for the America's Cup - and existing members of the Great Britain SailGP Team. The crew will pilot the revolutionary F50, which this year eclipsed the 50-knot speed barrier for the first time ever in sail racing, against at least five other national teams beginning in Sydney on February 28-29.

Ainslie is the most successful sailor in Olympic history, having competed and won medals - including four golds - at five consecutive Olympic Games (1996-2012). Following a win in the America's Cup with ORACLE TEAM USA in 2013, Ainslie formed his own team for the 2017 edition, and is now leading INEOS TEAM UK's bid to win the 36th America's Cup, which will take place in New Zealand in 2021.

'We couldn't be more pleased to have one of the most successful Olympic athletes of all time - across any sport - join our global championship,' said SailGP CEO Sir Russell Coutts. 'With crucial support from INEOS, Sir Ben Ainslie and the Great Britain SailGP Team will be contenders from day one and will create even more thrilling competition across our growing league.'

Current Great Britain SailGP Team grinder Matt Gotrel joins Ainslie as the second official team member of the 2020 squad. The 30-year old British Olympic champion rower will also join Ainslie and INEOS TEAM UK in their America's Cup campaign.

'SailGP has proven itself as one of the most exciting sailing leagues, with top level competition and racing in iconic venues across the world,' said Ainslie. 'The cutting-edge technology, speed and athletic requirements of the championship will provide a great sporting challenge. The Great Britain SailGP Team had a fantastic first season, and we're excited to be part of this journey as the league continues to grow.'

INEOS TEAM UK's family of partners - INEOS, Belstaff and Grenadier - will support the Great Britain SailGP Team, while AFEX joins the team as an additional Supporting Partner.

'The desire for INEOS and Ben Ainslie - alongside Belstaff, Grenadier and AFEX - to be part of SailGP is further testament to the commercial viability of our platform,' said Coutts of the league, which saw a total global TV audience of 256 million in its first season of operation.

INEOS, one of the world's largest manufacturing companies, partnered with Ainslie in April 2018 to form INEOS TEAM UK. INEOS uses its world-class technologies and manufacturing know-how in supporting some of the world's best athletes across sailing, cycling, athletics and football/soccer. The INEOS Sports Group has had a highly successful six months, with Team INEOS placing first and second in the 2019 Tour de France and Eliud Kipchoge making history in the INEOS 1:59 Challenge in October, as the Kenyan became the first person to run a sub-2 hour marathon, proving 'No Human is Limited.'

Luxury British heritage clothing brand Belstaff and uncompromising 4x4 vehicle Grenadier are Supporting Partners, along with leading global payments and risk management specialist AFEX, which will serve as the Official Foreign Exchange Partner

'We're proud to sponsor the Great Britain SailGP Team - and to be helping the team better manage its currency exposures,' said Wayne Mitchell, managing director of AFEX, which comes on as both a sponsor and service provider to the team. 'As part of our deep commitment to innovation and excellence, we support sport around the world, and share the values of discipline and excellence that top athletes and teams embody.'

SailGP Season 2 premiers in Sydney (February 28-29), before returning to the U.S. for events in San Francisco (May 2-3) and New York (June 12-13). Cowes on the Isle of Wight in the UK was recently announced as the first European event of Season 2, returning August 14-15, 2020, after a hugely successful event during the championship's inaugural year. The remainder of the Season 2 schedule will be announced in the coming months.

The British team finished the inaugural SailGP year in fourth, behind podium finishers Australia, Japan and China, and ahead of France and the United States.

ABOUT SAILGP

SailGP is sailing redefined. Established in 2018 and headquartered in London and New York, SailGP is an annual, global sports championship featuring bold, cutting-edge technology and awe-inspiring athleticism. The fan-centric, inshore racing takes place in some of the most iconic harbors around the globe and culminates with a $1 million winner-takes-all match race. Rival national teams from Australia, China, France, Great Britain, Japan and the United States battle it out in identical supercharged F50 catamarans, engineered for intense racing at electrifying speeds exceeding 50 knots (nearly 60 mph/100 kph). Visit SailGP.com for more information.

ABOUT INEOS

INEOS is the third largest chemicals company and the 50th largest business in the world, employing 20,000 people across 171 sites in 24 countries. It is a privately owned company with sales in 2017 of $60 billion. Throughout INEOS' history, the company has supported sports groups from grassroots upwards, currently including The Daily Mile initiative, INEOS TEAM UK, FC Lausanne-Sport, Team INEOS, the INEOS 1:59 Challenge, the 1851 Trust and OGC Nice.

CONTACT

Natasha Elliott, Great Britain SailGP Team Communications Manager
[email protected] | UK: +44 7766 230261

Dan Wilkinson, INEOS TEAM UK Communications Manager
[email protected] | UK: +44 7786 223444

LINKS

INEOS TEAM UK | SailGP.com | LIVE EVENT ANNOUNCEMENT