Offshore Class 1 World Championship has been out of business in Europe and Middle-East since 2011, which have resulted in big losses for many players. But now there are signes it may come alive, and climb back to the top again, as the most prestigious powerboat championship in the world. Powerboat P1 Management Limited (P1) signed in 2020 an exclusive 10 years agreement with UIM (United International Motonautic) that includes organizational and promotion rights to the UIM Class 1 World Championship. In 2021 the races will take part in the USA, and what the plan will be for 2022 is interesting to follow.
See UIM press release here: https://www.uim.sport/Documents/pressRelease/pressRelease178/UIM%20Press%20release%2022.10.2020-%20UIM%20Assigns%20Class%201%20Racing%20to%20Powerboat%20P1.pdf