We have thought about it for our Hobie Wave sails to get sponsorships from the restaurants and bars on the island where we sail in the summer in Ohio. In the close-in locations where we do our twice-weekly racing series we are highly visible to the tourists.
It would be really cool and get the locals rooting for their favorite "team".
We just never seem to get around to actually implementing the idea. <img src="http://www.catsailor.com/forums/images/graemlins/frown.gif" alt="" />