One of the world’s most celebrated ocean-racing yachts, Wild Oats XI, will race as Palm Beach XI under the new ownership of Palm Beach Motor Yachts and will relaunch with major modifications for the 80th Rolex Sydney Hobart Yacht Race this December 2025.
Sydney, Australia – Palm Beach Motor Yachts, subsidiary of Grand Banks Yachts Ltd., announced it has become the new owner of one of the world’s legendary offshore racing yachts, the 100-foot Supermaxi Wild Oats XI. Reborn as Palm Beach XI, this nine-time Rolex Sydney Hobart line-honours winner will serve both as a symbol of the company’s passion for technology and innovation and as a proving ground for performance and design excellence. It will also become a defining catalyst for Palm Beach Motor Yachts—strengthening the company’s global presence, amplifying its competitive position, and reinforcing the brand’s reputation for engineering and performance leadership.
The announcement will be followed by an international press event at the Fort Lauderdale International Boat Show on October 29, where Palm Beach Motor Yachts will unveil striking renders of Palm Beach XI’s new state-of-the-art appendage package. These extensive upgrades feature a new deeper keel fin and bulb, upwind daggerboards, and impressive C-foils, all engineered to optimise lift, minimise drag, and keep Palm Beach XI at the forefront of marine technology and international ocean racing.
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