Tag Archives: Powerboats

Cigarette Racing sells to Lionheart Capital, entrepreneur

Cigarette Racing Team, synonymous with high-powered luxury performance powerboats, has new ownership with big plans for growth of the company and the future of boat racing in across the globe. Lionheart Capital, led by Founder and CEO, Ophir Sternberg, has partnered with billionaire entrepreneur, John H. Ruiz, to purchase the iconic American brand from longtime owner of two decades, Skip Braver.  ...

Read More »

New powerboat registrations up 1.1% through June

NMMA’s New Powerboat Registration Report has been updated with data through June. Preliminary data from the report show new powerboat registrations were up 1.1% through June on a rolling 12-month year-over-year basis (R12M YOY) and down 1.3% on a rolling 3-month year-over-year basis.“While we're down 2% YTD YOY through June and new powerboat sales weren’t as strong as we would’ve liked heading ...

Read More »