MacMadame
Doing all the things
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Except they don't really. These events are expensive to put on and having an audience adds to the expense. The amount we pay for our tickets doesn't generate a lot of profit if any. Most of the money comes from TV and sponsorships.And I think we need to remember that audience = cash.
Many people are fans of sports they only watch on tv. I think I have been to one football game in my entire life and it was a minor league game someone invited me to. I rarely go to watch my home team play baseball either. The only time I attended the World Triathlon Championship was when I was there as an athlete (they were still combining it with the Worlds for amateur/recreational athletes -- now we have our own).
Skating is the only sport I follow where I go to competitions and mostly that's because I can meet people from FSU there. And because they are relatively cheap compared to other sports. A week of skating, 12-16 hours a day for $575? Two tickets to Warriors games in the equivalent seat is more than that.