KSP News:

KSP holds First-Ever Annual General Meeting

Cascais, Portugal – May 29, 2012: The Kite Surf Pro (KSP) today held its first Annual General Meeting to assess the organization’s operations during 2011, discuss input from KSP members, and review plans, challenges and opportunities for 2012.

Generously hosted by Muchaxo Hotel, the AGM took place right above Guincho Beach in Cascais, Portugal, where the EDP Kite Surf Pro Cascais World Championship Tour event will take place from June 1-10.

The meeting was kicked off by KSP co-founder and President, Kristin Boese, who presented the KSP’s 2011 annual report. KSP’s Treasurer, Carola Foermer, presented the 2011 financial report and accounts.

Issue submissions from the KSP Industry Committee and KSP Riders Committee were discussed, including: the qualification system, wild cards, number of events, exclusivity of KSP, strapless riding versus straps, conditions, industry contributions, sponsor logos and naming rights, and judging criteria presentation.

A decision was made to put forward a recommendation to the KSP’s sanctioning body (the International Kiteboarding Association) to improve future qualifications as well as develop a clear pathway for up-and-coming riders.

For the 2011 annual report, financial report and detailed minutes from the AGM, please see http://www.kspworldtour.com/index.php?option=com_acymailing&no_html=1&ctrl=url&urlid=5&mailid=77&subid=276.

Those in attendance of KSP’s AGM included:

Board of directors –
Kristin Boese, KSP President and co-founder
Sky Solbach, KSP Vice President and co-founder
Carola Foermer, KSP Treasurer
Board members –
Mitu Monteiro, KSP co-founder
Guilly Brandao, KSP co-founder
Industry Representative –
Robert Bratz, Best Kiteboarding
Rider Representatives –
Lee Harvey
Mauricio Pedreira
Twelve observes were also in attendance.

For any further info please visit www.kspworldtour.com

Thanks for the link Toby.
Been reading with interest their report, and it states that 38% of their funding is from loans.
Anyone know how this works ?
Nico

it doesn't work. there is no money in the sport yet. Need some big sponsors and some legitimacy.

Certainly difficult to get a tour off the ground in year 1 and attract major sponsors at the same time, even more so in the current economic climate. So I guess the loans would be repaid over time once the financing becomes more stable.

But With over 86 million verified TV viewers, and an Agency Reach over 500 million viewers, one might think funding for year 2 won't be a problem.

I'm not sure 1.2 x the population of the UK have tuned in so far.