It seems like many of these events, even with the top grand masters, have small crowds and limited commercial sponsors. Yet there are some large purses in these events.
For example;
The Champions showdown is on right now for example. $300,000 in total prize money. No crowd at the St Louis chess club, 3 commentators that need to be paid, no commercials during the commentary. This is probably a case of Sinquefield forking over the dough just for his own personal kicks.
King Salman Rapid and Blitz paid for by rich Sauidis just for PR.
WCC, I don't know where the money came from to pay Magnus and Fabi.
Do any of these events get enough outside money to cover the costs and even make a profit?
It actually is entertaining if you have enough skill to understand what's going on. May be if games could be explained by somebody with a great experience and the explanation will be made for beginners it of course will be more fun to watch for everybody.