Hong Kong - based 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).
The investment by Regal Faith Ltd and its consortium of investors based in Hong
Kong, Malaysia and Australia sees the company take an equity stake in the Tour. The
consortium is excited to be involved in the sport of match racing and sees
tremendous opportunities to build upon the already internationally established and
The World Match Racing Tour has seen significant growth over the last three years
since being granted the sole and exclusive rights and official sanction to run and
manage the professional world tour or series in match racing by the International
Sailing Federation (ISAF).
The involvement of Regal Faith Ltd and its consortium of private equity investors
will see increased focus on developing world class venues around the world, 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
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
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.