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ESPOKE
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I LVERSMI THS
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international opportunities.
• Continue to advance and monitor the
policy set forth of obtaining a public
securities endowment for the USPA.
• Continue to oversee the operation of
our independently managed licensing
company and its tangible and intangible
value creation to the USPA.
• Through restructuring of the USPA
Polo Development, LLC programs provide
a realistic path to have more American
high-goal players – this must be in
conjunction with other sponsors, patrons
and polo families.
• Continue to enhance the marketing
push for ‘authenticity’ between our
brand and sport.
The USPA has the good fortune of being
very sound financially, not only with
recurring annual cash flow to fund
operations, but also having a balance sheet
that continues to escalate in market value.
Our membership dues are too cheap in
relation to the value of the association and,
regardless of our financial capabilities, the
membership should at least cover the fixed
overhead of running the association. We
have to continue to show the membership
the value of being a USPA member so that
one day we can politically raise the dues in
order for the dues to cover the cost of the
fixed overhead of running the association.
We have no excuse to not be successful
from a financial standpoint!
However, we are living with a
membership base that is reflective of policy
and decisions made or not made within the
USPA years ago. Significant challenges we
now face include having very few American
high-goal players, costs and expenses to
compete in the sport are unreachable by
most, making a living within the sport
is difficult at best and patrons are in
short supply.
In summary, my overall goals are to
enhance USPA tournament competition
at all levels, provide programs that enable
sustainable player growth and development,
provide a platform to legitimise polo
ponies playing in America, provide means
to strengthen the financial stability
of our member clubs, ensure efficiency
in the management and expenditures of
the association, strengthen the authentic
association between our brand and sport,
including its worldwide reach, and increase
awareness of polo by continuing to refine
and develop higher standards for polo
webcasts, broadcasts and social media.
Although we are making significant
progress toward these goals they are all
a work in progress.
