Any product or service with that kind of market share is a monopoly. Your great grandchildren will be racing PHRF, and still bitching about it. First, in my opinion sailing is now where golf was ten years ago, a sport with limited viewer interaction and a need for funds to expand. Very few events are self sufficient. Finally, events that make money have some standardization, but pale in comparison to other sports events sponsorship packages in terms of exposure on a cost per impression basis.
Sailing has a phenomenal demographic and no delivery system.
I set out to gather all of the professional opinions I could muster on what to do about the two huge gouges in the upper section of my aluminum mast, apparently caused by inappropriate tie downs. To sue would cost more than the cost of a new tube and my boat has already been unusable for 3 months while I have fought this, and so I will not pursue it further, I have just placed an order for a new mast at my own expense. I am disgusted that this can happen in a supposedly regulated consumer friendly society. The usual place the insurers look for and find wear and tear is in the shrouds and turnbuckles. An engineer with a microscope can make about anything look worn out.