New Zealand are the last of the 13 SailGP teams to secure private investment.

The Black Foils return to the SailGP fleet this weekend after 4 months on the sidelines.

An American private equity firm has taken a majority stake in the Black Foils SailGP team.

SailGP chiefs have hailed “a very significant milestone” after MSP Sports Capital’s majority buyout of the New Zealand team.

New Zealand are the last of the 13 SailGP teams to secure private investment.