NORTH AMERICAN POLO LEAGUE SUSPENDS OPERATIONS
WELLINGTON, FL -The North American Polo =eague announced today that it is temporarily suspending operations.
“The unprecedented turmoil and uncertainty in global financial markets has created an unattractive environment for the continued growth and expansion of this new league,” said NAPL executive Director Charles Smith in his suspension announcement.
The eight team league will recognize its members as inactive with no obligations and offer a right to return to active status, with a
standard renewal fee, when the League resumes operations. It is anticipated that these teams will continue to compete in the 2009 Season at International Polo Club Palm Beach in club and United States Polo Association tournaments.
“The revenue streams of NAPL are largely dependent on the promotion budgets of major corporations and we are responding to the uncertainties we all face.” Smith added, The Founders and Board of Directors have expressed their appreciation for the strong support the League has received from the owners and players of its member teams.”
The NAPL was formed to create an organized and professionally managed year round league. It has been successful in presenting the highest level of competitive polo to a broader national audience and in cooperation with the United States Polo association, provided specific governance and new focus for the sport of polo.