U S PA B U L L E T I N
During the week of April 12-17, the USPA convened for the spring board of governors, committee, and LLC meetings. Due to ongoing travel restrictions and social distancing guidelines the USPA decided to hold the meetings virtually once again. The following committees met throughout the week of April 12-16, each hosting a Zoom meeting open to the committee members, board, staff and USPA members: Armed Forces Committee, Club and Membership Administration Committee, Young Players Committee, Constitution Committee, Women’s Committee, Rules Committee, Safety Committee, Arena Committee, Equine Welfare Committee, Tournament Committee, Audit Committee, Finance Committee, Board and Staff Development Committee, and the Executive Committee. In addition, the Umpires, LLC, Polo Development, LLC and communications/marketing gave hour-long presentations. Below please find a recap of the Saturday board of governors meeting and links to presentations: Secretary’s Report Secretary Mr. Smith ratified the previous actions of the board in his secretary’s report, and the board approved the club actions list endorsed by the Club and Membership Administration Committee. The list outlined clubs that are fully compliant and will have active status for the year, provisional clubs and clubs that are not in compliance. Mr. Smith also summarized the circuit governor election timeline, which will begin in June. 6 POLO P L A Y E R S E D I T I O N
Treasurer’s Report Treasurer Mr. Rudolph presented a brief financial report. He stated the USPA is in a solid financial position. The overall budget approach is to remain conservative and continue to evaluate the global situation and proceed with several different options. Finance Committee Report Mr. Ramirez Jr., committee chairman, provided an overview of the recent committee meeting. He stated the USPA’s investment portfolio is performing in accordance with the investment plan. Mr. Bikkesbakker, Meketa Investment Group, discussed the portfolio and reported it was performing better than expectations. Global Licensing President & CEO of USPAGL Michael Prince provided an update on U.S. Polo Assn. and the current global economic situation. He noted the financial flexibility it was able to afford its licensees throughout the pandemic helped strengthen relations. They are predicting a five percent growth coming out of the pandemic followed up by doubledigit growth in future years. Other highlights include USPA Global Licensing partnering with the National High School Awards and USA Today to have a polo award included for the first time along with other sports. They continue to market the authentic connection to the sport of polo. Mr. George Dill was elected for another three-year term to serve on the USPAGL board and Mr. Anthony Coppola was elected to serve as ex officio.
