Economics of racing?
I enjoy watching the Vendee Globe, Volvo, etc. races but I'm puzzled by the economics behind the racing.
My understanding is that at the higher levels you have a corporate sponsor for a boat who gets to splash their name and logo across everything, and at lower levels you just have wealthy folk with privately owned boats who just fork over the cash and have crew along for the ride ("Other People's Boat Club").
So far, so good...but apart from a trophy, fame and your name on a list somewhere, what do the winners win? What does the captain and/or crew get? Are they under contracts, similar to other sports, where they get to take home some of the sponsorship money? If so, how much are we talking?
Is there financial reward for coming first in the Vendee Globe?