sailing's ticking time bomb
The world of pro sailing is mysterious
you can sail with rich people
but "pro athletes" competing for themselves
well there are a variety of competitions where the athletes competing are true pros
the olympics, ocean race, vendee globe, americas cup, and now sailgp
most of these have been established for years, the americas cup old mug is the oldest trophy in sport
but sailgp, where many of the goats of sailing compete is extrememly new
How has it managed to reach the upper echelon of sialing so quickly, money.
Larry ellison, billionarie founder of oracle
has agreed to put in millions ever year in order to keep the league afloat... for now
he wants it to become self sustainable
Teams make money from sponsorship. but their main source of income for most is prize mmoney, 300k for winning an event and 1million for winning the season.
teams like australia with no sponsor rely on this solely for their funding
But for this to be sustained once larry stops his funding sailgp are going to have to reach numbers that most sailing leagues would not think possible
they are doing their best
but without bidding wars for the rights, or another philanthropic billionaire stepping in to fund it it does seem unlikely that the league will sustain such high prize pools
and without the prize pools we may see some of the eliete sailors step away
and with them the viewship will go
as with triathlon, as with football, as with tiger in golf, top viewship only comes when you have the goats competing