Have there been any sports where the best player is so dominant and wins so many tournaments that sponsors and spectators stopped being interested in the sport?
I can't think of any examples. There are sports where the best player is clear, but they don't dominate to such an extent that people stopped being interested in the sport.
The question Has there ever been a sport where the world's best player won so much they got bored? is related, however, this question asks about the viewers getting bored, not the player.