The purchase of the International Polo Club in Wellington, Florida, has been completed by Wellington Equestrian Partners.
The sale price is reported to be $US72 million.
The International Polo Club had been owned since 2002 by John Goodman, a Wellington polo mogul who was convicted of manslaughter following a 2010 car accident that killed 23-year-old Scott Patrick Wilson. He was sentenced to 16 years in prison and his expansive Wellington property portfolio is now controlled by a family trust.
The club is the home of high goal polo during the winter season in Wellington, with competition beginning in January and continuing through April each year.
Wellington Equestrian Partners managing partner Mark Bellissimo said the group’s primary goal was to ensure that IPC remained one of the world’s premier Polo Clubs and a key economic driver of Wellington’s equestrian economy.
The WEP partnership will be expending significant resources to ensure that the facilities and the polo fields are second to none and are committed to maintaining the same High Goal Polo calendar for 2017 and beyond.
IPC’s main stadium venue and polo activity are complemented by a private club with spa, fitness center, tennis courts, pool, as well as The Mallet Grille restaurant and The 7th Chukker lounge.
“We are honored to become the stewards of this important venue and are inspired to take Wellington to a new height of world-class equestrian sport, equestrian lifestyle, and community engagement,” Bellissimo said.
The strategic acquisition creates a network of three world-class facilities dedicated to equestrian sport and allows, for the first time in Wellington, the integration and coordination of equestrian activities around the hunter/jumper, dressage, and polo worlds.
“We believe this will become one of the world’s top platforms to grow interest in equestrian sport for riders, spectators, and sponsors,” Bellissimo said.
“We look forward to working with the Village of Wellington, the governing bodies of each equestrian discipline, and the key stakeholders within the disciplines to create an experience unique in the world. We will be announcing a series of strategic initiatives and partnerships as well as a vision for the facility in early summer.”