Wellington Equestrian Partners has reached an agreement to buy the Wellington, Fla., property from a private trust affiliated with John Goodman, a businessman serving two 16-year prison sentences for DUI manslaughter. The company also bought The Wanderers Club in Wellington from Goodman earlier this year for $6.9 million.
Equestrian mogul Mark Bellissimo’s company, Wellington Equestrian Partners, has reached an agreement to buy the International Polo Club in Wellington, Fla., from a trust affiliated with imprisoned polo mogul John Goodman, The Palm Beach (Fla.) Post reported.
Bellissimo would not disclose the price but said he expects to close on the venue in late April, the Post reported.
“We made a decision that we wanted to make sure that IPC and the equestrian venue would continue long into the future,” Bellissimo said, adding that the company will be making a “significant reinvestment” into the venue, the Post reported.
The deal includes the surrounding properties and totals about 248 acres. The Palm Beach County property appraiser values the land and the buildings at $33.4 million, but the sale price will likely be higher because of the value of the business, the Post reported.
The private trust that was made for the imprisoned polo mogul’s children is being run by his ex-wife Isla Carroll Reckling and has been unloading properties recently such as The Wanderers Club, also to Bellissimo, for $6,865,000, according to property records. The sale represented a sizable loss for the trust, which paid $9 million for the property in 2005 then put millions into upkeep and improvements. The Wanderers Club is an 18-hole golf course that also has tennis, fitness and restaurants. The trust also sold the Wanderer’s Executive Course for $1 million to a company affiliated with Ward Real Estate this past year. The owners had been taking bids for the property electronically, the Post reported.
The club includes nine polo fields, an Olympic-sized pool, tennis courts, a restaurant and a main stadium that holds more than 1,500 people. “I believe we now have all the resources to make Wellington one of the great equestrian venues in the world,” Bellissimo said.
Ron Allen, a former polo broadcaster for ESPN International, said it will likely be a positive for the sport in Wellington. “This is good news for the entire polo community,” Allen said in a statement. “The change should bring about a better direction for the club and for high goal polo. Bellissimo’s track record has been highly successful. I’m very excited to see what the future brings.”
Goodman opened the International Polo Club in 2002 to give his team, Isla Carroll Polo, a world-class facility. There is no indication that Goodman, who was twice sentenced to 16 years in prison for the DUI manslaughter death of Scott Patrick Wilson, is involved with the potential sale. Wilson drowned in a Wellington canal after Goodman ran a stop sign and hit Wilson’s Hyundai, the Post reported.