International Polo Club Palm Beach, the United States Polo Association and the USPA Global Licensing Inc. Announce Terms of Major Three-Year Partnership Intended to Elevate the Sport of Polo GloballyThe Partnership Introduces a Guaranteed $500,000 in Prize Money Through the United States Polo Association's Triple Crown of Polo™ Events and Up to An Additional $500,000 Bonus for the Triple Crown of Polo™ Winning Team During the Premier 22-Goal Tournaments that Culminate in the Prestigious 2019 U.S. Open PoloChampionship® at International Polo Club Palm BeachMark Bellissimo, CEO, of the International Polo Club Palm Beach (IPC), Robert Puetz, CEO of the United States Polo Association (USPA), and David Cummings, Chairman, USPA Global Licensing Inc. (USPAGL) have announced a historic three-year partnership between the three organizations, which will aim to build and cultivate the sport of polo on a national and international level. The partnership deal will provide the USPA and USPAGL a home for its top competitions throughout the year with the USPA becoming a major commercial sponsor of the IPC venue and the title sponsor for the facility's primary and most notable competition field, Field 1.
Mark Bellissimo commented, "We are honored to partner with the USPA and USPA Global Licensing to continue to grow the sport of polo with the goal of transforming it from a sport long considered a hobby to a more professional sport for team owners. It will take time and cooperation from all parties but I believe over time we can get there."
The recent decision by the USPA, supported by IPC, to lower the premiere high-goal tournament level from 26 goals to 22 goals, set the stage for the agreement, which was negotiated by Mark and Katherine Bellissimo, David Cummings, and Robert Puetz over the last few weeks and whose deal terms were approved by the USPA's Executive Committee on Wednesday, March 28.
Robert Puetz, USPA CEO commented, "The USPA is committed to growing the sport of polo and we believe that adjusting the handicap level and creating a world-class polo series will encourage players from all over the world to compete in the Triple Crown of Polo™. With this historical achievement, we are certain that the prize money, new opportunities for American players, and a new home for the USPA and U.S. Polo Assn. at one of the premiere polo facilities in the world, will ensure a promising future for U.S. polo."
Bellissimo added, "We are confident that this strategy will yield significantly more teams and a far better and more competitive tournament season for the team owners, players, spectators, and sponsors, as well as provide a platform for the future growth of polo. We will continue to invest in and expand the number of high quality fields, work with the USPA to ensure the highest quality officiating, and promote the IPC Polo School, as well as, promote the sport locally, regionally, nationally, and internationally. Our goal is to deliver a better experience and value for all our constituents."
David Cummings, Chairman of USPA Global Licensing Inc., the sports marketing arm of the USPA domestically and internationally, added "the partnership is long overdue. Our involvement gives USPAGL and U.S. Polo Assn., the official licensed brand of the USPA, a year-long platform to reinforce the authenticity and connection to the sport of polo."
All parties were confident that this partnership platform and series format will provide an increased number of competitive teams, enhanced spectator interest, greater opportunities for American players and lower the cost of fielding a team for team owners.
The Triple Crown of Polo™ events will include an innovative "Winner Takes All" prize money format during the tournaments. The C.V. Whitney Cup will offer $125,000; the USPA Gold Cup®, will offer $125,000; and will culminate with the U.S. Open Polo Championship®, which will offer $250,000. An added bonus, with details forthcoming, will provide the team winning the Triple Crown of Polo™ up to an additional $500,000 bonus, which would yield a total of $1 million dollars in the total prize money package.
Bellissimo also noted that it would be adding more dimensions to its IPC seasonal polo and club operations in 2019, with at least three, and up to 5 new fields, an expanded polo school intended to attract IPC club members, a permanent stick-and-ball simulator, and the addition of an improved and enhanced tournament schedule that will feature Gladiator Polo™.
To learn more about the International Polo Club Palm Beach, please visit www.internationalpoloclub.com.