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This image is taken at the 'Van Loon Sailing 2017 Event', held every year in July on the Lake of Veere, Zeeland, The Netherlands.
To know more about this event, please check-out the narrative of THIS ONE.
Think it's helpful to provide you with some explanation: at regattas the vessels often have to sail several times a 'track'. The start and end of such a track is marked with a buoy. After passing the buoy, one has to sail in the opposite direction. The boat that comes first to the finish (after sailing the determined number of tracks) is not automatically the winner. Because the boats vary in size/shape and have different sail area, first must be determined, after a complicated calculation, who really is the winner.