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Oakley Capital Investments Ltd - provider of exposure to the education, technology, consumer and business service sectors through investments in Oakley Capital funds - Announces that Oakley Capital Origin Fund II is investing in ‘world-class’ sailing franchise Athena Racing. Athena is one of five founding teams with equal positions in the recently created partnership to govern the America’s Cup, ‘the world’s most prestigious’ sailing competition. It also intends to collaborate on ‘a unique proposition for sponsors and sailors’ with sister company Emirates GBR. OCI says Oakley played a central role in shaping this new framework and that the investment will enable Athena to pursue a multi-cycle strategy with longer-term sponsorship deals, R&D investment, and talent acquisition. ‘Oakley will support Athena Racing by accelerating commercial partnerships, expanding brand visibility, and scaling operations,’ OCI adds. Oakley Co-Founder & Managing Partner Peter Dubens comments: ‘The America’s Cup is the pinnacle of sailing and an icon of sport, won by only four nations since 1851. We’re partnering with [Athena Founder Ben Ainslie] and the Athena team precisely as the Cup enters a new era. With strong governance and a neutral management team focused on audience and media growth, the competition is set to broaden its appeal, improve accessibility and ensure long-term sustainability.’ Current stock price: 561.00 pence 12-month change: up 13% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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