The Whitianga Festival of Speed
Held annually in New Zealand, this event involves helicopter racing, car racing, power boat racing, jet ski racing and parachute swooping. All of them reek of one thing (besides fuel), money. We don’t need to get into the logistics to figure out that this sport is mainly aimed at the one percenters, making it the most expensive sport in the world.
Each Formula 1 car may cost over $1 million. Even if you want to drive someone else’s car, you will still need to bring your own sponsors with deep pockets. Sometimes, the minimum sponsorship requirement can be as high as $190,000. Oh, and these Formula 1 cars are extremely fragile as well. So the insurance premiums on the cars are going to be astronomical. There’s no wonder that this sport zooms right up to the top of the most expensive sports in the world list.
To sail, you will need a sailboat, and most of them cost more than the most expensive supercars. Maintaining the sailboats is also very expensive, so is paying the crew to run it. Oh and in case you forgot, the sailboat needs to be stored on dry land when competition season is off. Good luck building a hangar for it.
Equestrian was on the most expensive sports in the world list even when you need just one horse for it. Polo requires at least four. You do the maths. Oh and if the massive blow to your bank account wasn’t enough (costs can go up to as high as $1 million for patrons), Polo can also result in serious injuries.
Hot Air Balloon Racing
This sport is kind of oxymoronic. After all, the last thing one can associate with hot air balloons, is speed. However, it is an actual sport with a decent fan following in the world. If you are wondering why it’s on the most expensive sports in the world list, here’s why: a hot air balloon costs around $20,000. Inflating the balloon can reach up to $9,000. Once you add the pilot’s licence cost of $3,000, this sport becomes really expensive.
This Winter Olympics staple is also very cold towards your wallet. The bobsled itself costs around $25,000. Making your own bobsled track might cost millions of dollars. The number of trainers for this sport is very limited, making each one of them very expensive. Oh and let’s not forget, it’s a team sport, so the cost of everything will be multiplied by four in the end. It can bring your bank balance down faster than a bobsled descends down a track. And that features it on the most expensive sports in the world list.