Mirsky Comments on New Ownership of World Match Racing Tour. #WMRT
Peter Gilmour Will Become President of the WMRT. Photo by David Fuller
Yesterday the World Match Racing Tour announced that private company Regal Faith Ltd has acquired from F10 Holdings Ltd their interest in ProMatch Tour Ltd, the exclusive rights holder of the World Match Racing Tour (WMRT).
Torvar Mirsky, who currently leads the 2009 World Match Racing Tour and is ranked 2nd in the ISAF World Rankings said of the news:
This new step for the WMRT can only mean good things with the growth of our sport. The Tour has been getting more and more commercial and I think this is going to take it to the next level. We can see what Peter (Gilmour) has done alongside Regal Faith LTD with the Monsoon Cup, so I can’t wait to see the developement of the Tour over the next few years.
The involvement of Regal Faith Ltd and its consortium of private equity investors from Australia, Malaysia and Australia will see increased focus on developing world class venues around the globe, whilst adding stability and structure to the existing professional sailing circuit.
Outgoing President Scott Macleod from F10 Holdings Ltd commented:
“After over 20 years involvement with Tour from its early stages then through the Swedish Match Tour up to its current status as the ISAF sanctioned World Match Racing Tour I have taken considerable pride in the development of the sport. I am very happy to be passing the control of the World Match Racing Tour to the team at Regal Faith Ltd who have the experience and investment to realise the full potential of the Tour, I wish them and Peter Gilmour all the very best for the continued development of the Tour.”
Match racing veteran Peter Gilmour has been appointed Acting President and will become the Tour Advisor once a full time replacement has been found. Peter Gilmour commented:
“Our sport is rapidly expanding in the commercial area, with the backing and support of a significant balance sheet to build this Tour we are delighted to be able to make this long awaited announcement. It has taken over three years to finalise this transaction and we will see considerable new plans develop over the coming months. The sport has seen aggressive development in events, America’s Cup and independent team participation, spectators, media interest and sponsors. We are looking forward to developing the WMRT further as the leading match racing World Series for professional sailors.”
For all WMRT events it will be business as usual. Tour Director Craig Mitchell said:
“Regal Faith Ltd’s investment in the WMRT demonstrates the value that has been built up in the Tour over the last three years. The investment will enable us to continue to expand and develop the Tour and we look forward to delivering the vision of our new investors.”
The WMRT will be holding the annual Tour Summit for all event organisers on the day immediately following the World Yacht Racing Forum in Monaco on 11th December 2009.
Following consultation with the Tour’s event promoters and stakeholders a detailed presentation laying out the re-energised ambition and vision of the Tour will be unveiled during the opening weeks of 2010.
