Page "Offshore powerboat racing" Paragraph 6

Although there are team sponsors, the sport is still an amateur sport financed by a mixture of private funding and commercial sponsors.

One of the benefits of sponsoring an offshore powerboat team, as stated by team owner and driver Bjørn Rune Gjelsten, is that in Formula One motor racing, 1 million will only allow a small space, whereas in offshore powerboating, this covers the whole of the boat.