Hollywood stars Ryan Reynolds and Hugh Jackman have teamed up to become co-owners of Australia's SailGP team, now rebranded as BONDS Flying Roos, in partnership with Australian underwear brand BONDS.

Ryan Reynolds and Hugh Jackman have purchased an Australian professional sailing club called BONDS Flying Roos SailGP, they announced Thursday, June 5.

Good friends Hugh Jackman and Ryan Reynolds have set sail on an exciting new venture together — as co-owners of Australia ’s three-time SailGP champions. The Deadpool & Wolverine co-stars have joined team driver and CEO Tom Slingsby in leading the freshly rebranded BONDS Flying Roos SailGP Team, the company announced Thursday.