Australia's ocean dominance got a Hollywood upgrade on Thursday as Hugh Jackman and Ryan Reynolds became co-owners of the country's three-times champion SailGP team, now rebranded as the BONDS Flying Roos.

Ryan Reynolds and Hugh Jackman announced Thursday they have taken over the Australian SailGP team. It is hardly Reynolds' first foray into sports ownership, while Jackman joins him in the endeavor as an Australian icon and avid fan of the sport.