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Tesla Model Y: Six- and seven-seat options closer to Australia

Tesla Model Y: Six- and seven-seat options closer to Australia

The Advertiser4 hours ago

Electric automaker Tesla looks set to add both six- and seven-seat Model Ys – rumoured to include right-hand drive production for the first time – after a recent firmware update spilled the beans.
Reports from Greentheonly on the Elon Musk-owned social media platform X confirmed a six-seat Model Y was shown as part of the 2025.2 update.
The X account has a history of correct calls on upcoming Tesla details, suggesting the more accommodating Model Y won't be restricted to the Chinese market only as previously speculated.
Tesla currently sources all Australian-market models from China, and the discovery means a six- or seven-seat Model Y could be offered locally – the first seven-seat vehicle from the automaker here since the larger Model X SUV left showrooms in late 2020.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
That would make it one of only a few seven-seat electric vehicles (EV) on sale in Australia, joining the likes of the Kia EV9, Mercedes-Benz EQB and Volvo EX90.
CarExpert has reached out to Tesla Australia for official comment.
Tesla previously offered the Model Y with seven seats in North America, but only on vehicles made in the United States, limiting production to left-hand drive before it was dropped altogether in 2023.
The upcoming six-seat version would reportedly use a 2x2x2 seat layout with a centre console potentially splitting occupants, while seven-seat versions offered in the US had a 2x3x2 arrangement.
Speculation has suggested room for the new seating configurations would come with an increase to the recently facelifted Model Y's 2890mm wheelbase – and current 4790mm length.
This could counter criticism the previous seven-seat option offered overseas was somewhat limited in space, which may have contributed to its low take-up and eventual removal from the options list.
Tesla's website shows the (pre-update) Model Y with seven seats, with access to the third row via a lever to tumble-tilt the second-row seats forward.
The Model X is currently offered in North America in a choice of five-, six and seven-seat configurations without any changes to its wheelbase or overall length.
Yet the 'Falcon' doors on the Model X offer easier entry and exit where the Model Y has conventionally opening doors – and at 5057mm, the Model X is a substantial 267mm longer.
The Model Y was the best-selling EV in both Australia and the world in 2024, and despite significant sales decline for the Tesla brand here, remains the country's most popular EV year-to-date (end of May 2025).
MORE: Everything Tesla Model Y
Content originally sourced from: CarExpert.com.au
Electric automaker Tesla looks set to add both six- and seven-seat Model Ys – rumoured to include right-hand drive production for the first time – after a recent firmware update spilled the beans.
Reports from Greentheonly on the Elon Musk-owned social media platform X confirmed a six-seat Model Y was shown as part of the 2025.2 update.
The X account has a history of correct calls on upcoming Tesla details, suggesting the more accommodating Model Y won't be restricted to the Chinese market only as previously speculated.
Tesla currently sources all Australian-market models from China, and the discovery means a six- or seven-seat Model Y could be offered locally – the first seven-seat vehicle from the automaker here since the larger Model X SUV left showrooms in late 2020.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
That would make it one of only a few seven-seat electric vehicles (EV) on sale in Australia, joining the likes of the Kia EV9, Mercedes-Benz EQB and Volvo EX90.
CarExpert has reached out to Tesla Australia for official comment.
Tesla previously offered the Model Y with seven seats in North America, but only on vehicles made in the United States, limiting production to left-hand drive before it was dropped altogether in 2023.
The upcoming six-seat version would reportedly use a 2x2x2 seat layout with a centre console potentially splitting occupants, while seven-seat versions offered in the US had a 2x3x2 arrangement.
Speculation has suggested room for the new seating configurations would come with an increase to the recently facelifted Model Y's 2890mm wheelbase – and current 4790mm length.
This could counter criticism the previous seven-seat option offered overseas was somewhat limited in space, which may have contributed to its low take-up and eventual removal from the options list.
Tesla's website shows the (pre-update) Model Y with seven seats, with access to the third row via a lever to tumble-tilt the second-row seats forward.
The Model X is currently offered in North America in a choice of five-, six and seven-seat configurations without any changes to its wheelbase or overall length.
Yet the 'Falcon' doors on the Model X offer easier entry and exit where the Model Y has conventionally opening doors – and at 5057mm, the Model X is a substantial 267mm longer.
The Model Y was the best-selling EV in both Australia and the world in 2024, and despite significant sales decline for the Tesla brand here, remains the country's most popular EV year-to-date (end of May 2025).
MORE: Everything Tesla Model Y
Content originally sourced from: CarExpert.com.au
Electric automaker Tesla looks set to add both six- and seven-seat Model Ys – rumoured to include right-hand drive production for the first time – after a recent firmware update spilled the beans.
Reports from Greentheonly on the Elon Musk-owned social media platform X confirmed a six-seat Model Y was shown as part of the 2025.2 update.
The X account has a history of correct calls on upcoming Tesla details, suggesting the more accommodating Model Y won't be restricted to the Chinese market only as previously speculated.
Tesla currently sources all Australian-market models from China, and the discovery means a six- or seven-seat Model Y could be offered locally – the first seven-seat vehicle from the automaker here since the larger Model X SUV left showrooms in late 2020.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
That would make it one of only a few seven-seat electric vehicles (EV) on sale in Australia, joining the likes of the Kia EV9, Mercedes-Benz EQB and Volvo EX90.
CarExpert has reached out to Tesla Australia for official comment.
Tesla previously offered the Model Y with seven seats in North America, but only on vehicles made in the United States, limiting production to left-hand drive before it was dropped altogether in 2023.
The upcoming six-seat version would reportedly use a 2x2x2 seat layout with a centre console potentially splitting occupants, while seven-seat versions offered in the US had a 2x3x2 arrangement.
Speculation has suggested room for the new seating configurations would come with an increase to the recently facelifted Model Y's 2890mm wheelbase – and current 4790mm length.
This could counter criticism the previous seven-seat option offered overseas was somewhat limited in space, which may have contributed to its low take-up and eventual removal from the options list.
Tesla's website shows the (pre-update) Model Y with seven seats, with access to the third row via a lever to tumble-tilt the second-row seats forward.
The Model X is currently offered in North America in a choice of five-, six and seven-seat configurations without any changes to its wheelbase or overall length.
Yet the 'Falcon' doors on the Model X offer easier entry and exit where the Model Y has conventionally opening doors – and at 5057mm, the Model X is a substantial 267mm longer.
The Model Y was the best-selling EV in both Australia and the world in 2024, and despite significant sales decline for the Tesla brand here, remains the country's most popular EV year-to-date (end of May 2025).
MORE: Everything Tesla Model Y
Content originally sourced from: CarExpert.com.au
Electric automaker Tesla looks set to add both six- and seven-seat Model Ys – rumoured to include right-hand drive production for the first time – after a recent firmware update spilled the beans.
Reports from Greentheonly on the Elon Musk-owned social media platform X confirmed a six-seat Model Y was shown as part of the 2025.2 update.
The X account has a history of correct calls on upcoming Tesla details, suggesting the more accommodating Model Y won't be restricted to the Chinese market only as previously speculated.
Tesla currently sources all Australian-market models from China, and the discovery means a six- or seven-seat Model Y could be offered locally – the first seven-seat vehicle from the automaker here since the larger Model X SUV left showrooms in late 2020.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
That would make it one of only a few seven-seat electric vehicles (EV) on sale in Australia, joining the likes of the Kia EV9, Mercedes-Benz EQB and Volvo EX90.
CarExpert has reached out to Tesla Australia for official comment.
Tesla previously offered the Model Y with seven seats in North America, but only on vehicles made in the United States, limiting production to left-hand drive before it was dropped altogether in 2023.
The upcoming six-seat version would reportedly use a 2x2x2 seat layout with a centre console potentially splitting occupants, while seven-seat versions offered in the US had a 2x3x2 arrangement.
Speculation has suggested room for the new seating configurations would come with an increase to the recently facelifted Model Y's 2890mm wheelbase – and current 4790mm length.
This could counter criticism the previous seven-seat option offered overseas was somewhat limited in space, which may have contributed to its low take-up and eventual removal from the options list.
Tesla's website shows the (pre-update) Model Y with seven seats, with access to the third row via a lever to tumble-tilt the second-row seats forward.
The Model X is currently offered in North America in a choice of five-, six and seven-seat configurations without any changes to its wheelbase or overall length.
Yet the 'Falcon' doors on the Model X offer easier entry and exit where the Model Y has conventionally opening doors – and at 5057mm, the Model X is a substantial 267mm longer.
The Model Y was the best-selling EV in both Australia and the world in 2024, and despite significant sales decline for the Tesla brand here, remains the country's most popular EV year-to-date (end of May 2025).
MORE: Everything Tesla Model Y
Content originally sourced from: CarExpert.com.au

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2025 Subaru Crosstrek and Impreza get safety upgrades, price rises
2025 Subaru Crosstrek and Impreza get safety upgrades, price rises

The Advertiser

time40 minutes ago

  • The Advertiser

2025 Subaru Crosstrek and Impreza get safety upgrades, price rises

The Subaru Crosstrek and Impreza have been given price rises accompanied by safety upgrades for model year 2025 (MY25), the latter enabling them to receive five-star ratings from safety authority ANCAP. The Crosstrek small SUV – Subaru Australia's second-best selling model after the Forester SUV – and related Impreza hatchback have been given the same updates and $500 price rises across their lineups. It means the entry-level Crosstrek L starts at $35,990 before on-road costs and Crosstrek Hybrid L from $39,590, with the base Impreza L at $31,990 before on-road costs. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The Impreza hatch – which isn't offered with a hybrid powertrain locally – remains more expensive than the Toyota Corolla, though the Crosstrek still undercuts the most affordable all-wheel drive versions of the Hyundai Kona and Toyota Corolla Cross. Traffic sign recognition has been added to the existing speed sign recognition system, enabling it to read signs such as 'Stop', 'No Entry', and 'Give Way'. With ANCAP introducing a 'submergence test' – evaluating the occupants' ability to escape a vehicle under water – in 2023, the 2025 model year Crosstrek and Impreza also get an Emergency Evacuation Glass-breaking Tool – essentially a glass-piercing hammer located in the vehicle's glovebox. An updated five-star ANCAP safety rating for the MY25 Crosstrek and Impreza is applicable to vehicles manufactured from April 2025 and in Subaru dealers from June. ANCAP used shared crash-test results for both Crosstrek and Impreza – given they are closely related, using essentially the same body, platform and powertrains. The Crosstrek received an adult occupant protection rating of 83 per cent, a child occupant protection rating of 91 per cent, a vulnerable road user protection rating of 85 per cent and a safety assist rating of 73 per cent. It achieved a higher vulnerable road user protection score of 85 per cent as it showed superior upper leg (femur) protection than the Impreza. The Impreza scored better for pedestrian head and lower leg protection which the safety organisation said was due to the difference in bonnet and front bumper designs. In addition to more safety kit, there have been some other specification tweaks made to the Crosstrek. The Crosstrek Hybrid has received a petrol particulate filter in order to comply with Euro 6e emissions standards, outpacing the introduction of Australian requirements to meet less stringent Euro 6d standards from December 1, 2024. Outputs have been reduced marginally in the Crosstrek Hybrid – offered in L and S model grades – from 110kW/196Nm to 100kW/182Nm, but with the same 6.5L/100km combined official fuel consumption. The 115kW/196Nm 2.0-litre four-cylinder petrol engine and continuously variable transmission used on the petrol-only Crosstrek and across all Impreza model grades remains unchanged. The 2025 model year update brings no other equipment changes to either vehicle, the current generation of both having been introduced in Australia in 2023. MORE: Everything Subaru Crosstrek • Impreza Content originally sourced from: The Subaru Crosstrek and Impreza have been given price rises accompanied by safety upgrades for model year 2025 (MY25), the latter enabling them to receive five-star ratings from safety authority ANCAP. The Crosstrek small SUV – Subaru Australia's second-best selling model after the Forester SUV – and related Impreza hatchback have been given the same updates and $500 price rises across their lineups. It means the entry-level Crosstrek L starts at $35,990 before on-road costs and Crosstrek Hybrid L from $39,590, with the base Impreza L at $31,990 before on-road costs. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The Impreza hatch – which isn't offered with a hybrid powertrain locally – remains more expensive than the Toyota Corolla, though the Crosstrek still undercuts the most affordable all-wheel drive versions of the Hyundai Kona and Toyota Corolla Cross. Traffic sign recognition has been added to the existing speed sign recognition system, enabling it to read signs such as 'Stop', 'No Entry', and 'Give Way'. With ANCAP introducing a 'submergence test' – evaluating the occupants' ability to escape a vehicle under water – in 2023, the 2025 model year Crosstrek and Impreza also get an Emergency Evacuation Glass-breaking Tool – essentially a glass-piercing hammer located in the vehicle's glovebox. An updated five-star ANCAP safety rating for the MY25 Crosstrek and Impreza is applicable to vehicles manufactured from April 2025 and in Subaru dealers from June. ANCAP used shared crash-test results for both Crosstrek and Impreza – given they are closely related, using essentially the same body, platform and powertrains. The Crosstrek received an adult occupant protection rating of 83 per cent, a child occupant protection rating of 91 per cent, a vulnerable road user protection rating of 85 per cent and a safety assist rating of 73 per cent. It achieved a higher vulnerable road user protection score of 85 per cent as it showed superior upper leg (femur) protection than the Impreza. The Impreza scored better for pedestrian head and lower leg protection which the safety organisation said was due to the difference in bonnet and front bumper designs. In addition to more safety kit, there have been some other specification tweaks made to the Crosstrek. The Crosstrek Hybrid has received a petrol particulate filter in order to comply with Euro 6e emissions standards, outpacing the introduction of Australian requirements to meet less stringent Euro 6d standards from December 1, 2024. Outputs have been reduced marginally in the Crosstrek Hybrid – offered in L and S model grades – from 110kW/196Nm to 100kW/182Nm, but with the same 6.5L/100km combined official fuel consumption. The 115kW/196Nm 2.0-litre four-cylinder petrol engine and continuously variable transmission used on the petrol-only Crosstrek and across all Impreza model grades remains unchanged. The 2025 model year update brings no other equipment changes to either vehicle, the current generation of both having been introduced in Australia in 2023. MORE: Everything Subaru Crosstrek • Impreza Content originally sourced from: The Subaru Crosstrek and Impreza have been given price rises accompanied by safety upgrades for model year 2025 (MY25), the latter enabling them to receive five-star ratings from safety authority ANCAP. The Crosstrek small SUV – Subaru Australia's second-best selling model after the Forester SUV – and related Impreza hatchback have been given the same updates and $500 price rises across their lineups. It means the entry-level Crosstrek L starts at $35,990 before on-road costs and Crosstrek Hybrid L from $39,590, with the base Impreza L at $31,990 before on-road costs. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The Impreza hatch – which isn't offered with a hybrid powertrain locally – remains more expensive than the Toyota Corolla, though the Crosstrek still undercuts the most affordable all-wheel drive versions of the Hyundai Kona and Toyota Corolla Cross. Traffic sign recognition has been added to the existing speed sign recognition system, enabling it to read signs such as 'Stop', 'No Entry', and 'Give Way'. With ANCAP introducing a 'submergence test' – evaluating the occupants' ability to escape a vehicle under water – in 2023, the 2025 model year Crosstrek and Impreza also get an Emergency Evacuation Glass-breaking Tool – essentially a glass-piercing hammer located in the vehicle's glovebox. An updated five-star ANCAP safety rating for the MY25 Crosstrek and Impreza is applicable to vehicles manufactured from April 2025 and in Subaru dealers from June. ANCAP used shared crash-test results for both Crosstrek and Impreza – given they are closely related, using essentially the same body, platform and powertrains. The Crosstrek received an adult occupant protection rating of 83 per cent, a child occupant protection rating of 91 per cent, a vulnerable road user protection rating of 85 per cent and a safety assist rating of 73 per cent. It achieved a higher vulnerable road user protection score of 85 per cent as it showed superior upper leg (femur) protection than the Impreza. The Impreza scored better for pedestrian head and lower leg protection which the safety organisation said was due to the difference in bonnet and front bumper designs. In addition to more safety kit, there have been some other specification tweaks made to the Crosstrek. The Crosstrek Hybrid has received a petrol particulate filter in order to comply with Euro 6e emissions standards, outpacing the introduction of Australian requirements to meet less stringent Euro 6d standards from December 1, 2024. Outputs have been reduced marginally in the Crosstrek Hybrid – offered in L and S model grades – from 110kW/196Nm to 100kW/182Nm, but with the same 6.5L/100km combined official fuel consumption. The 115kW/196Nm 2.0-litre four-cylinder petrol engine and continuously variable transmission used on the petrol-only Crosstrek and across all Impreza model grades remains unchanged. The 2025 model year update brings no other equipment changes to either vehicle, the current generation of both having been introduced in Australia in 2023. MORE: Everything Subaru Crosstrek • Impreza Content originally sourced from: The Subaru Crosstrek and Impreza have been given price rises accompanied by safety upgrades for model year 2025 (MY25), the latter enabling them to receive five-star ratings from safety authority ANCAP. The Crosstrek small SUV – Subaru Australia's second-best selling model after the Forester SUV – and related Impreza hatchback have been given the same updates and $500 price rises across their lineups. It means the entry-level Crosstrek L starts at $35,990 before on-road costs and Crosstrek Hybrid L from $39,590, with the base Impreza L at $31,990 before on-road costs. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The Impreza hatch – which isn't offered with a hybrid powertrain locally – remains more expensive than the Toyota Corolla, though the Crosstrek still undercuts the most affordable all-wheel drive versions of the Hyundai Kona and Toyota Corolla Cross. Traffic sign recognition has been added to the existing speed sign recognition system, enabling it to read signs such as 'Stop', 'No Entry', and 'Give Way'. With ANCAP introducing a 'submergence test' – evaluating the occupants' ability to escape a vehicle under water – in 2023, the 2025 model year Crosstrek and Impreza also get an Emergency Evacuation Glass-breaking Tool – essentially a glass-piercing hammer located in the vehicle's glovebox. An updated five-star ANCAP safety rating for the MY25 Crosstrek and Impreza is applicable to vehicles manufactured from April 2025 and in Subaru dealers from June. ANCAP used shared crash-test results for both Crosstrek and Impreza – given they are closely related, using essentially the same body, platform and powertrains. The Crosstrek received an adult occupant protection rating of 83 per cent, a child occupant protection rating of 91 per cent, a vulnerable road user protection rating of 85 per cent and a safety assist rating of 73 per cent. It achieved a higher vulnerable road user protection score of 85 per cent as it showed superior upper leg (femur) protection than the Impreza. The Impreza scored better for pedestrian head and lower leg protection which the safety organisation said was due to the difference in bonnet and front bumper designs. In addition to more safety kit, there have been some other specification tweaks made to the Crosstrek. The Crosstrek Hybrid has received a petrol particulate filter in order to comply with Euro 6e emissions standards, outpacing the introduction of Australian requirements to meet less stringent Euro 6d standards from December 1, 2024. Outputs have been reduced marginally in the Crosstrek Hybrid – offered in L and S model grades – from 110kW/196Nm to 100kW/182Nm, but with the same 6.5L/100km combined official fuel consumption. The 115kW/196Nm 2.0-litre four-cylinder petrol engine and continuously variable transmission used on the petrol-only Crosstrek and across all Impreza model grades remains unchanged. The 2025 model year update brings no other equipment changes to either vehicle, the current generation of both having been introduced in Australia in 2023. MORE: Everything Subaru Crosstrek • Impreza Content originally sourced from:

Madrid rivals ride the same wave in SailGP move
Madrid rivals ride the same wave in SailGP move

The Advertiser

time40 minutes ago

  • The Advertiser

Madrid rivals ride the same wave in SailGP move

Wall Street investment powerhouse Ares Management has sailed into partnership with Real Madrid striker Kylian Mbappe, acquiring a minority stake in the France SailGP Team - where old rivals suddenly find themselves in the same boat. The $US546 billion asset manager, which counts Atletico Madrid among its sports investments, now shares an ownership table with Mbappe's Coalition Capital in the high-speed sailing franchise, creating a curious alliance between the Spanish capital's two soccer teams. "We are thrilled to enter the league and join the France SailGP Team's existing owners group at this inflection point," said Jim Miller, Co-Lead of Ares' Sports, Media and Entertainment strategy, whose firm also holds stakes in Inter Miami and McLaren Racing. The investment coincides with SailGP revealing it will add two new national teams for its 2026 season, expanding to 14 flying catamarans that rocket across global waters at speeds approaching 100 km/h. "The investment in our French team by an organisation with a stellar portfolio underlines the strength of SailGP's global league model," said league managing director Andrew Thompson. One of the six original SailGP Teams, the French team is spearheaded by driver Quentin Delapierre who assembled a stellar crew line-up when he took over as driver in Season 2. Known for executing stellar starts and performing in wild and windy conditions, the team holds the SailGP racing speed record of 99.94 km/h set in Saint Tropez, Season 4. France are currently sixth in the standings after a recent podium finish in New York. Spain, led by Olympic champion Diego Botin, top the 2024–25 season standings with 46 points. The next race comes at the British Sail Grand Prix in Portsmouth on July 19–20. Founded in 2019 by Oracle's Larry Ellison and sailing great Russell Coutts, SailGP has rapidly evolved from centralised ownership to a franchise model that has attracted celebrities and institutional investors alike. Hollywood stars Hugh Jackman and Ryan Reynolds recently acquired the Australian team, while a consortium of sports industry leaders took control of the Italian entry. Professional services firm Deloitte will manage the selection process for the two new teams, with initial bids closing in mid-August and final decisions expected by early September. Wall Street investment powerhouse Ares Management has sailed into partnership with Real Madrid striker Kylian Mbappe, acquiring a minority stake in the France SailGP Team - where old rivals suddenly find themselves in the same boat. The $US546 billion asset manager, which counts Atletico Madrid among its sports investments, now shares an ownership table with Mbappe's Coalition Capital in the high-speed sailing franchise, creating a curious alliance between the Spanish capital's two soccer teams. "We are thrilled to enter the league and join the France SailGP Team's existing owners group at this inflection point," said Jim Miller, Co-Lead of Ares' Sports, Media and Entertainment strategy, whose firm also holds stakes in Inter Miami and McLaren Racing. The investment coincides with SailGP revealing it will add two new national teams for its 2026 season, expanding to 14 flying catamarans that rocket across global waters at speeds approaching 100 km/h. "The investment in our French team by an organisation with a stellar portfolio underlines the strength of SailGP's global league model," said league managing director Andrew Thompson. One of the six original SailGP Teams, the French team is spearheaded by driver Quentin Delapierre who assembled a stellar crew line-up when he took over as driver in Season 2. Known for executing stellar starts and performing in wild and windy conditions, the team holds the SailGP racing speed record of 99.94 km/h set in Saint Tropez, Season 4. France are currently sixth in the standings after a recent podium finish in New York. Spain, led by Olympic champion Diego Botin, top the 2024–25 season standings with 46 points. The next race comes at the British Sail Grand Prix in Portsmouth on July 19–20. Founded in 2019 by Oracle's Larry Ellison and sailing great Russell Coutts, SailGP has rapidly evolved from centralised ownership to a franchise model that has attracted celebrities and institutional investors alike. Hollywood stars Hugh Jackman and Ryan Reynolds recently acquired the Australian team, while a consortium of sports industry leaders took control of the Italian entry. Professional services firm Deloitte will manage the selection process for the two new teams, with initial bids closing in mid-August and final decisions expected by early September. Wall Street investment powerhouse Ares Management has sailed into partnership with Real Madrid striker Kylian Mbappe, acquiring a minority stake in the France SailGP Team - where old rivals suddenly find themselves in the same boat. The $US546 billion asset manager, which counts Atletico Madrid among its sports investments, now shares an ownership table with Mbappe's Coalition Capital in the high-speed sailing franchise, creating a curious alliance between the Spanish capital's two soccer teams. "We are thrilled to enter the league and join the France SailGP Team's existing owners group at this inflection point," said Jim Miller, Co-Lead of Ares' Sports, Media and Entertainment strategy, whose firm also holds stakes in Inter Miami and McLaren Racing. The investment coincides with SailGP revealing it will add two new national teams for its 2026 season, expanding to 14 flying catamarans that rocket across global waters at speeds approaching 100 km/h. "The investment in our French team by an organisation with a stellar portfolio underlines the strength of SailGP's global league model," said league managing director Andrew Thompson. One of the six original SailGP Teams, the French team is spearheaded by driver Quentin Delapierre who assembled a stellar crew line-up when he took over as driver in Season 2. Known for executing stellar starts and performing in wild and windy conditions, the team holds the SailGP racing speed record of 99.94 km/h set in Saint Tropez, Season 4. France are currently sixth in the standings after a recent podium finish in New York. Spain, led by Olympic champion Diego Botin, top the 2024–25 season standings with 46 points. The next race comes at the British Sail Grand Prix in Portsmouth on July 19–20. Founded in 2019 by Oracle's Larry Ellison and sailing great Russell Coutts, SailGP has rapidly evolved from centralised ownership to a franchise model that has attracted celebrities and institutional investors alike. Hollywood stars Hugh Jackman and Ryan Reynolds recently acquired the Australian team, while a consortium of sports industry leaders took control of the Italian entry. Professional services firm Deloitte will manage the selection process for the two new teams, with initial bids closing in mid-August and final decisions expected by early September. Wall Street investment powerhouse Ares Management has sailed into partnership with Real Madrid striker Kylian Mbappe, acquiring a minority stake in the France SailGP Team - where old rivals suddenly find themselves in the same boat. The $US546 billion asset manager, which counts Atletico Madrid among its sports investments, now shares an ownership table with Mbappe's Coalition Capital in the high-speed sailing franchise, creating a curious alliance between the Spanish capital's two soccer teams. "We are thrilled to enter the league and join the France SailGP Team's existing owners group at this inflection point," said Jim Miller, Co-Lead of Ares' Sports, Media and Entertainment strategy, whose firm also holds stakes in Inter Miami and McLaren Racing. The investment coincides with SailGP revealing it will add two new national teams for its 2026 season, expanding to 14 flying catamarans that rocket across global waters at speeds approaching 100 km/h. "The investment in our French team by an organisation with a stellar portfolio underlines the strength of SailGP's global league model," said league managing director Andrew Thompson. One of the six original SailGP Teams, the French team is spearheaded by driver Quentin Delapierre who assembled a stellar crew line-up when he took over as driver in Season 2. Known for executing stellar starts and performing in wild and windy conditions, the team holds the SailGP racing speed record of 99.94 km/h set in Saint Tropez, Season 4. France are currently sixth in the standings after a recent podium finish in New York. Spain, led by Olympic champion Diego Botin, top the 2024–25 season standings with 46 points. The next race comes at the British Sail Grand Prix in Portsmouth on July 19–20. Founded in 2019 by Oracle's Larry Ellison and sailing great Russell Coutts, SailGP has rapidly evolved from centralised ownership to a franchise model that has attracted celebrities and institutional investors alike. Hollywood stars Hugh Jackman and Ryan Reynolds recently acquired the Australian team, while a consortium of sports industry leaders took control of the Italian entry. Professional services firm Deloitte will manage the selection process for the two new teams, with initial bids closing in mid-August and final decisions expected by early September.

Top executives see take-home pay stagnate amid golden parachute slump
Top executives see take-home pay stagnate amid golden parachute slump

AU Financial Review

time2 hours ago

  • AU Financial Review

Top executives see take-home pay stagnate amid golden parachute slump

The take-home pay of the country's top 100 chief executives has largely flatlined over the past decade, pushed lower by a slump in multimillion-dollar golden parachutes, research commissioned by super funds shows. The highest-paid chief executive in Australia was outside the ASX 100 – Victor Herrero, recently departed from Lovisa, the fast-fashion jewellery chain backed by billionaire Brett Blundy. The study also included those based in the United States, with News Corporation's Australian chief executive Robert Thomson topping the list with $41.9 million.

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