General Assembly 2018

36th General Assembly
December 14th, 2018
Buenos Aires, Argentina

© Federation of International Polo 2
1. Call to order
a. Quorum to establish the validity of the GA

2. Welcome

3. President’s Report – N. Colquhoun-Denvers

4. Financial Report and update
a. Approval of Fiscal year 2017/2018 Balance
Balance Sheet
Concept Sept. 30, 2017 Sept. 30, 2018
Cash and banks 1.703.257 190.763
D&O AIG Insurance 2.472.991
Accounts receivables 456.855 210.855
Provisions for doubtful accounts -26.400 -26.400
Other assets 2.901
Total assets 2.136.613 2.848.209
Accounts payables 139.596 985.676
Other liabilities 84.375
Total liabilities 223.971 985.676
Total liabilities & equity 2.136.613 1.862.533
Equity 1.912.642 2.848.209

Cash Flow
Concept Sept 30, 2018
Funds at the beginning of the year 1.703.257
Funds at the end of the year 190.763
Increase in funds -1.512.494
Causes of changes in funds Sept 30, 2018
Net results -50.110
Increase in accounts receivables -2.226.991
Increase in others assets 2.901
Decrease in other liabilities -84.375
Increase in accounts payables 846.080
Increase in funds -1.512.494

Profit & Loss
Income Sept 30, 2018
Annual dues 139.625
Ambassador cups inscription fee 48.440
Zone playoff inscription fee 28.000
IOC support income 8.000
Sponsorship income 69.520
Marketing income 121.875
Bank interest and other incomes 100
Total Income 415.560
Operative results -38.661
Extraordinary expenses
PDF sponsored tournaments -12.500
Trademark registration -13.365
Recovery of provisioned expenses 14.416
Total extraordinary expenses -11.449
Net results -50.110
Expenses
Sept 30, 2018
FIP meetings expenses 40.044
World cup expenses 33.445
IOC sponsored tournaments 15.832
Travel expenses 3.781
Ambassadors cup 7.116
European tournament expenses 10.828
Marketing expenses 28.278
Personnel expenses 22.975
IOC annual fees 4.281
Administrative expenses 86.487
Annual fees doubtful acounts 1.154
Total Operative Expenses 454.221

Account Receivables
Member Annual Dues 129.003
Member Annual Dues to Accrue -31.675
Doubtfull accounts 26.400
Annual Dues – Doubtfull accounts *2 18.000
Ambassadors Cup 3.686
European Championship 4.000
WPC 2017 - Playoffs 4.000
Snow Polo World Cup 2017 - Travel expenses 12.000
World Polo Championship 32.167
Zone A Playoffs 13.274
Total 210.855
Extraordinary account receivables
Legal fees recuop (see note 1) 2.472.991
Total 2.472.991
NOTE 1
The amount corresponds to the balance of
the recovery of fees generated by the
defense in the trial that Mr. Peter
Younghanns takes against the former
president Nicholas Colquhoun-Denvers,
Judgment of which the sentence is pending.
Additionally, said expenses are covered by
the policy duly contracted with AIG Seguros
Uruguay S.A. for up to an amount of US $ 2:
500,000.- and for the agreement with said
insurer, (now SBI Seguros Uruguay SA),
dated November 21, 2018, while the final
total amount to be compensated is still
pending.
From this amount, at the balance sheet date,
advances have been collected for US $
136.500.-

Account Receivables
EVENTS AFTER CLOSING OF FISCAL YEAR
On November 21, 2018, an agreement was
signed with SBI Seguros Uruguay S.A. through
which the existence of the insured credit in our
favor is confirmed up to a limit of US $ 2:
500,000.-, included in the Asset. By this
agreement, the sum of US $ 613,500 has been
received on 11/29/2018, completing, in this
way, total advances for the sum of US $
750,000.
Professional services 13.157
European Championship- Antidoping 3.500
European Championship – Travel expenses 4.638
Travel 4.198
Administration - Salaries 12.923
Total 38.415
Extraordinary account payables
Legal case professional fees 947.261
Total 985.676

b. Members Fees
Actual fee Proposed
A Members $ 10.000 $ 15.000 / $20.000
B Members $ 4.000 $ 6.000
C Members $ 1.200 $ 2.000

c. Approval of budget for Fiscal year 2018/2019
Expenses
2018/2019
USD
Administration 276.196
D&O Insurance 25.000
Communication 0
Marketing 5.000
FIP meetings 22.300
Ambassador’s Cups 15.000
IOC support 23.000
Travel 0
Miscellaneous 0
Tournaments / Events 20.000
TOTAL OPERATIVE EXPENSES 386.496
Income
2018/2019
USD
Annual dues 202.250
Ambassador’s Cups 69.500
IOC Support 25.000
Marketing 95.000
Tournaments 0
Interests 0
TOTAL OPERATIVE INCOME 391.750
SUPERAVIT/(DEFICIT) 5.254

5. Polo Development & ARISF/IOC Fund
a. ARIF/IOC Fund
Event Member 2018
RMPA Umpires Clinic Malaysia $3.000
FIP youth polo camp in Hamburg Germany $2.500
Out of Africa - Polo Club Midden Netherlands $2.500
Children’s tournament - Los Baguales 2017 Paraguay $2.500
Children’s tournament - Los Baguales 2018 Paraguay $2.500
Clinic - Santa Maria Polo Club Spain $2.500
Sub total $15.500
FIP European Championship WADA testing $10.000
Total $25.500

5. Polo Development & ARISF/IOC Fund
b. Polo Development Fund
2013 Umpire Clinic Malaysia $ 2.557,00
2014 Italy Umpire Clinic Italy $ 3.500,00
2015 Umpiring training program Argentina $ 1.800,00
2016 Umpiring Clinic – IPA India $ 2.000,00
2016 Torneo Internacional de Menores – Coronel Suarez Argentina $ 3.500,00
2016 Umpire Training Program – AAP Argentina $ 5.000,00
2016 Umpire Training Program Malaysia $ 10.000,00
2016 Umpire Clinic England $ 3.091,00
2017 Kids clinic Uruguay $ 2.500,00
2018 IPA / Polo app $ 10.000,00
TOTAL SPENT $ 43.948,00
Remaining balance $56.052,00

FIP Malaysia Umpires Seminar

• Held in Kuala Lumpur, on the 8th and
9th of September.
• Open to umpires sent or endorsed by
the National Associations.
• It was a course for established players
who wished to improve their umpiring
skills, and for senior players who
wished to consider umpiring semi-
professionally.

FIP Polo Youth Camp

6. FIP Membership Report – A. Taylor
• Kuwait – C member – Zone E – 7 players
• Singapore – C member – Zone D – 96 players
• United Arab Emirates – B member – Zone E – 151 players
• Saudi Arabia – C member – Zone E – 15 players
• Belgium – C member – Zone C – 22 players
• Czech Republic – C member – Zone C – 52 players

6. FIP Membership Report – A. Taylor
53 Full members
25 Corresponding members
9 Contact members

7. Marketing update
USPA GL presentation by David Cummings

8. Bylaws update
a. Approved Bylaws
b. Election committee

COFFEE BREAK AND B AND C COUNTRY CAUCUS FOR
COUNCIL OF ADMINISTRATION ELECTIONS
2 B COUNTRY AND 1 C COUNTRY APPOINTEES

9. Election and confirmation of Authorities
a. Election of President

b. Election of the Council of Administration Members
• Guillermo Steta – B member representative
• Philippe Perrier – B member representative
• Emmanuel Seidner – C member representative

b. Ratification of the Council of Administration Members
• Delfin Uranga
• Julian Martinez Younes
• Chip Campbell
• Tony Coppola
• Lord Charles Beresford
• Roderick Vere Nicol
• Gerardo Valdes
• Peter Prendiville
• Billy Steta
• Philippe Perrier
• Iago Masías
• Emmanuel Seidner

c. Ratification of the Executive Committee Members
• Horacio Areco
• Marcos Aldao
• Bob Puetz
• Stephen Hutchinson
• Francois Berger
• Piero Dillier

d. Ratification of the Finance Committee Members
• Ignacio Uranga - Treasurer
• Lionel Soffia
• To be announced

10. Ratification of Members and their categories
A Members
ARGENTINA 6300
USA 5301
ENGLAND 2725
B Members
BRAZIL 1500
FRANCE 975
AUSTRALIA 803
CHILE 750
SPAIN 705
S. AFRICA 480
NEW ZEALAND 458
INDIA 425
GERMANY 365
MEXICO 351
NIGERIA 336
MALAYSIA 323
SWITZERLAND 200
CANADA 173
UAE 151
ITALY 136
IRAN 130
C Members
THAILAND 100
IRELAND 99
SINGAPORE 96
PAKISTAN 90
EGYPT 87
PERU 86
PARAGUAY 81
URUGUAY 75
KAZAKHSTAN 60
NETHERLANDS 58
D. REPUBLIC 56
HUNGARY 55
CZECH REP. 52
COSTA RICA 50
ECUADOR 44
GUATEMALA 35
RUSSIA 30
C Members
SWEDEN 30
AUSTRIA 27
BELGIUM 22
MOROCCO 22
PORTUGAL 22
MONACO 20
POLAND 20
LIECHSTEN. 15
SLOVAKIA 15
LUXEMBOURG 13
MONGOLIA 13
HONG KONG 12
AZERBAIJAN 12
OMAN 12
KUWAIT 7
TURKEY 5
S. ARABIA 4

11. World Polo Championship 2020

12. Ambassadors
a. Ambassador reappointments
Ambassador Country Until Renewal
Ernesto Gutierrez Argentina 2022 YES
Ricardo Mihanovich Jr. Argentina 2022 YES
Ron Wanless Australia 2022 YES
Peter Prendiville Australia 2022 YES
Richard Drasche von
Wartinberg
Austria 2022 YES
Sergio Cardoso Brazil 2022 YES
Fernando Grez Chile 2022 YES
Lionel Soffia Chile 2022 YES
Francisco Escobar Costa Rica 2022 YES
Roderick Vere Nicoll England 2022 YES
Hamzeh Ilkhanizadeh Iran 2022 YES
Ambassador Country Until Renewal
Alessandro Giachetti Italy 2022 YES
Daniel Garcia Italy 2022 YES
Guillermo Steta Mexico 2022 YES
Hadi Sirika Nigeria 2022 YES
Ishaq Khakwani Pakistan 2022 YES
lago Masias Peru 2022 YES
Stefano Pisa di Monterosa
San
Marino
2022 YES
Harald Link Thailand 2022 YES
Bruce Colley USA 2022 YES
Richard T. Caleel USA 2022 YES
Ronald Zurcher Costa Rica 2022 YES

12. Ambassadors
a. New Ambassador appointments
Ambassador Country Until
David Agie Belgium 2022
Carlos Mansur Brazil 2022
Lila Pearson England 2022
Ricardo Tattoni Italy 2022
Mohammed Kyari Nigeria 2022
Pierre Genecand Switzerland 2022

13. Tournament Reports
a. World Snow Polo Tianjin 2018

b. XII FIP European Championship 2018
Champion – Italy
2nd place – Azerbaijan
3rd place – Ireland
4th place - Germany
France
Spain
Slovakia
Austria
Netherlands
Switzerland

c. II FIP Ladies European Championship 2018
Champion – Germany
2nd place – Italy
3rd place – Netherlands
4th place - France

• FIP worked alongside AAP and IOC
• Showcasing sport that took place on October 10th at Palermo fields
1 & 2
• Girls and boys from 11 different countries played friendly chukkers
• Over 500 children from local schools participated in sport
initiation
• Over 1000 spectators for the showcasing

14. Future Tournaments
a. FIP XIII European Championship 2020
Azerbaijan

b. FIP III Ladies European Championship 2020

c. South East Asia 2019

30TH SOUTH EAST ASIAN GAMES
Polo is proposed by the Philippines South East
Asian Games organising committee as a sport for
the 30th South East Asian Games in Philippines

© Federation of International Polo
• The Southeast Asian Games (also known as the SEA Games), is a multi-
sport event involving participants from the current 11 countries of
Southeast Asia.
• Over 5,000 athletes participated in the 29th SEA Games in 2017.
• The games are under regulation of the Southeast Asian Games
Federation with supervision by the International Olympic Committee
(IOC) and the Olympic Council of Asia.
• Started in 1959 and biannually ever since.
What are the South East Asian Games

• In 2017 the 29th South East Asian Games was hosted by Malaysia from
19th to 30th August 2017
• 39 sports were played for in this SEA Games.
• It was only the third time that polo had been included in the SEA
Games. The first was in 1983 in Singapore and the second was in 2007
in Thailand.
• Four countries contested the 29th SEA Games Polo in Malaysia. Order of
Merit in 2017 was:
1. Malaysia - Gold
2. Thailand - Silver
3. Brunei - Bronze
4. Singapore
Polo in the South East Asian Games

• The United Polo Players Association of the
Philippines (UPPAP) has applied to join FIP.
Their application is on process.
• UPAP has proposed polo for the 30th SEA Games
in Philippines, to be held from 30th November to
9th December 2019.
• SEA Games would be held at the Manila Polo
Club, and in Calatagan, Philippines.
• Peter Abisheganaden is drafting the Technical
Handbook for approval by FIP, before it goes to
the Organizing Committee
Philippines South East Asian Games

• 0 goal Mixed Gender
• 2 to 4 goals
• 5 to 8 goals
• 4 chukka matches.
• Played on countries own horses.
• 24 horses per team.
• Countries that don’t want to fly their horses there can lease horses from
the hosts.
3 Categories of Polo

• Peter Abisheganaden and John Fischer, the team that produced the
2017 SEA Games in Kuala Lumpur, will oversee the project with Zone
Director Peter Prendiville.
• Visit to Manila in January 2019 is planned.
• Visit to all facilities.
• Quarantine protocol to be established.
FIP’s Role

d. Pan American Games 2019 – Lima
Presentation by Pat Nesbitt

15. Tournaments Procedures and Rules
a. Procedures

15. Tournaments Procedures and Rules
b. Rules

16. Ladies Polo
Women´s International Polo Committee
Veronica Magnasco – Argentina
Nina Clarkin – England
Dawn Jones – USA
Ploy Bhisaeng – Thailand

The tournament was held on
August 25th in Denver
Polo Club, Denver, USA.
Two 18 goal teams
participated of the event,
Argentina and USA.
FIP Women’s Invitational

16. Ladies Polo
b. Handicap System

17. Ambassador´s Cups report by Ricardo Mihanovich Jr.

17. Ambassadors´ Cups
FIP Ambassadors’ Cups 2018
- USA. Santa Clara Polo Club
Mexico. El Marques Polo Club.
Brazil. Helvetia Polo Club.
Italy. Roma Polo Club.
Argentina. La Ensenada Polo Club.
FIP Ambassadors’ Cups for 2019
USA. Palm Beach.
Mexico. El Marques Polo Club.
Brazil. Helvetia Polo Club.
Italy. Roma Polo Club.
Argentina. La Ensenada Polo Club.

97 FIP Ambassador’s Cup
• Venue: Santa Clara
Polo Club, Florida
• Dates: From April
18 to the 21st.
• Participants: Eight
teams of up to eight
goals

98th FIP Ambassador’s Cup

• Held at Residencial Polo Club
El Marques from May 8 to
the 12th.
• Eight teams participated
with an ambassador of the
International Polo Federation
per team.
• The victory of this 98
Ambassador’s Cup held at
Residencial Polo Club el
Marques was for the team of
Balvanera in a very close
match full of excitement.

On the 8th, 9th and 10th of
September this year the 100 FIP
Ambassadors Cup was held in
Helvetia Polo Club in San Pablo,
Brasil. An impressive gathering
of 20 teams participated in this
historic event.
After the three rounds, five
teams billed the competition
title.
Olhos D`Água, Hípica Polo,
Guabi Polo, Abacateiro e
Arpoador won their respective
zones in the international trade
title.

On the 8th, 9th and 10th of December
th2018 the 101 FIP Ambassadors Cup
was held in La Ensenada Polo Club in
Buenos Aires, Argentina. 16 teams
participated in this historic event.

18. Legal Case

19. New Business
a. Other Issues

Regent’s University Polo Scholarship
The scholarship was the first of
its kind in the UK, and links well
with FIP’s desire to both enhance
the image and status of the
game, and broaden the scope of
international polo. Successful
scholars will take on the title of
Federation of International Polo
Youth Ambassador.

20. Words from the Elected President

21. Designation of two members to sign the meeting
minutes

20. Venue and date of the 37th General Assembly 2019

General Assembly 2018

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