RAW Capital Partners’ Post

The first time Doug DeVos and John “Hap” Fauth set out to conquer sailing’s America’s Cup, their nine-figure project could hardly have gone worse: The boat capsized and nearly sank. Three years later, DeVos and Fauth are trying again. Both men have plenty of experience with ambitious turnarounds. DeVos is the co-chair of Amway and his family owns the National Basketball Association (NBA) team Orlando Magic. Fauth founded The Churchill Companies, a private investment firm whose holdings range from real estate to agricultural technology. And both have run world-champion sailing programs. But the Cup is different. It entails a multiyear sprint to build a racing boat on the cutting edge of engineering and agreed-upon rules in order to defeat a series of similarly innovative speed demons head-to-head. Only then does a team earn the right to a showdown with the defending champs. No American boat has won the silver ewer, known as the Auld Mug, since Larry Ellison and Oracle Team USA’s comeback victory over New Zealand in 2013. And not only are DeVos and Fauth hoping to add their names next to those of previous syndicate bosses like J. Pierpont Morgan, Harold S. Vanderbilt or Ted Turner, they also want to build a durable operation to keep the team, and country, in contention over the long haul. The big change they had in mind? Make American Magic even more like a pro sports team than before, DeVos said. Today, there is a new boat and another budget that exceeds $100 million. There is a new chief executive. There is a new U.S.-centered design team, new talent on the sailing roster and a new 63,000-square-foot home base in Pensacola, Fla. 🔗 Read more from Aaron Kuriloff: https://lnkd.in/eYawX2yB 

Teed up for success: Irish golf resorts on the market for €180m amid booming demand: An analysis of the assets on offer suggests that links courses are popular among visiting American golf tourists, while Irish memberships and female golf players are also on the increase https://lnkd.in/eutwc7me

In case you missed it - Korn Ferry PGA TOUR 2025 schedule has been announced, and Cypress will be there for multiple events including our title sponsor event, The Ascendant presented by Blue. Can't wait to continue to grow with all of you and build our relationships from the tee to the team! #KornFerryTour #PGATour #LPGATour #BusinessGrowth #BusinessDevelopment #GrowthMindset

Irish golf resorts on the market for €180m amid booming demand: An analysis of the assets on offer suggests that links courses are popular among visiting American golf tourists, while Irish memberships and female golf players are also on the increase

Australian Sailing's annual survey of clubs is full of lessons for all sports. We've summarised the key takeaways here and added our own recommendation so you can learn how to resolve some of the more common problems all clubs are facing. https://lnkd.in/gFAFsxDz #sportforlife #sportforall #communitysport

Tough Times & High Times - sailing clubs and their finances in focus: https://lnkd.in/dtSR7Gc9

I am still astonished by the importance French sport fans give to offshore sailing. Today the Transatlantic Race (one of the last two qualifiers for the magic Vendée Globe race) starts in Lorient and requires the solo skippers to navigate their boats single handed to New York. Of course public TV is covering the start live. In addition hundreds of thousands of fans took the opportunity and met the skippers live in the marina during the open dock week before the race. The race is famous for its hard conditions, as the boats will most likely face winds from the front, which means that conditions are much more demanding than the classic conditions where the wind usually comes rather from the back than from the front and which are more common for the Vendée Globe. If you want to know more on how social media impacted what it takes to successfully master a career in offshore racing, check my latest analysis here: https://lnkd.in/eP4rpwN6

Four-time Major winner and former World No.1 Ernie Els is partnering with owners Arrow Global to bring the first Els Club to Europe and the first private members golf club to the Algarve. Read: https://lnkd.in/gxbBzANK

It is crucial to provide the right support for our teams. We are aware that projects can be unpredictable, challenging and turbulent .... but the way we treat our team members will have a lasting impact on them and their careers. As Project Managers or Managers in general, our role is not just to receive recognition, but to lead, communicate, support and back our teams during challenging times. Without the team and their contributions, our positions would not exist today. FACT It is essential to show support for your staff and advocate for them 💯% #rail #railindustry #projectmanagement #signalling #railway #prince2 #conventionalsignalling #signallingprojects #rail #railforum #railway