A Swedish Billionaire's $100 Million Bet on the Future of the America's Cup

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A Swedish Billionaire's $100 Million Bet on the Future of the America's Cup

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BERMUDA—For much of the past several months, the 50-foot catamaran called Magic Blue carved through the waters of the Great Sound here on practice runs enjoying an unlikely position: It appeared to be the fastest boat in the history of the America’s Cup.

That was notable in large part because Magic Blue’s owner, billionaire oil trader Torbjorn Tornqvist, and his Artemis Racing team suffered the death of a sailor in the competition four years ago off San Francisco and failed to win a single race. That tragedy shook a…

By | 2017-06-13T17:46:03+00:00 June 13th, 2017|0 Comments

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