Victory Challenge was a Swedish

Sweden

Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

 yacht racing

Yacht racing

Yacht racing is the sport of competitive yachting.While sailing groups organize the most active and popular competitive yachting, other boating events are also held world-wide: speed motorboat racing; competitive canoeing, kayaking, and rowing; model yachting; and navigational contests Yacht racing...

 team that competed in 2003 America's Cup and 2007 America's Cup

2007 America's Cup

The 2007 America's Cup was the thirty-second challenge for the America's Cup and was won by Alinghi in the 7th race. The Cup is the most famous and most prestigious regatta and Match Race in the sport of sailing....

. The team was initiated in 1999 by Swedish businessman Jan Stenbeck

Jan Stenbeck

Jan Stenbeck was a Swedish media owner. He was brother of the former Swedish Minister for Foreign Affairs, Margaretha af Ugglas...

, and after his death in August 2002, his son Hugo Stenbeck took over.

They also participated in the Louis Vuitton Cup 2007, the challenger selection series held prior to the 2007 America's Cup

2007 America's Cup

The 2007 America's Cup was the thirty-second challenge for the America's Cup and was won by Alinghi in the 7th race. The Cup is the most famous and most prestigious regatta and Match Race in the sport of sailing....

. It was sponsored primarily by red bull

Red Bull

Red Bull is an energy drink sold by the Austrian Red Bull GmbH, created in 1987 by the Austrian entrepreneur Dietrich Mateschitz. In terms of market share, Red Bull is the most popular energy drink in the world, with 3 billion cans sold each year. Dietrich Mateschitz was inspired by an already...

.