Pensacola is now home to its own SailGP team, with American Magic announcing that it has bought Rockwool Racing for $60 million.

SailGP announced today that the ROCKWOOL Racing SailGP Team has been acquired by leading sports investor and American Magic Co-Founder, Doug DeVos.

Rockwool stock: recent performance snapshot Rockwool (CPSE:ROCK B) has caught investor attention after a mixed run, with a small gain over the past week, a flat month, and a loss over the past year ...

American Magic acquires the Danish ROCKWOOL Racing team ahead of the SailGP in Auckland, reshaping the competitive landscape ...