Nautique own the event and pay at least the director of the event. They make the calls ultimately. A Nautique sponsored athlete would not have copped this treatment, they clearly weren't happy with something Freddie said or did so being a MC guy made it a relatively easy call to give him a ban. Not much more to it.
I'll say it again, look at the treatment Jacinta suffered as a Nautique athlete. If there's a story they can't put as a positive news item on their website, they don't have to do or explain anything. Freddie was a threat as a potential winner of the event. Say or do something they don't like and they won't hesitate to take action.
There's no fallout here for them. We here may whinge about it and 3 people might say they won't attend or watch the event, but they sell boats come Monday at a higher price than the others. Move on.