Endeavor steps on board SailGP in deal valuing it at $200 million
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LONDON (Reuters) - SailGP said on Thursday it had sold a minority stake to sports and entertainment group Endeavor in a deal valuing the fledgling sailing event backed by Oracle's billionaire founder Larry Ellison at $200 million."Endeavor's partnership ... strengthens our position going into our second season and signals the projected long-term value of SailGP," its CEO Russell Coutts said in a statement. SailGP, which is raced in identical F50 foiling catamarans and culminates in a $1 million..