The Butterfield Bermuda Championship is an annual stop on the PGA TOUR, and first ever held in Bermuda. Returning for the third year to Port Royal Golf Course in Southampton, the Championship will feature a field of 132 players, highlighted by five Bermudians. As a stand-alone event for 2021, the purse has increased to $6.5 million, with 500 FedExCup points awarded to the winner.
It is with great enthusiasm that we announce our 4th consecutive year of involvement and sponsorship of the Wichita Open, being played this week on the North Course at the beautiful Crestview Country Club. Ethan Marcus, from our developmental golf vertical, will take advantage of our sponsor exemption and continue his hot play, following a great showing in Las Vegas and at the U.S. Open qualifier. We wish him the best of luck in this tournament and on his continued pursuit to play professional golf for a living.
With the year 2022 approaching quickly I thought I’d share with you what we are doing on our end and other tactics that can be utilized to mitigate tax liability. Consider reviewing these options with your tax advisor prior to the December 31st deadline.
At the beginning of the year, we considered global cooperation and an improved understanding regarding the importance of public-private partnerships to be potential silver linings of the pandemic. While it is too early to see evidence of that shift, we are troubled by the continued inconsistency surrounding the distribution of vaccines, as well as a disjointed approach to balancing the economic and public health implications involved in virus mitigation. The great reopening, if one could call it that, will be discussed later in this note, relies on a foundation that assumes COVID-19 infection rates will continue to decline and severe social restrictions will be a thing of the past. Virus variants, such as Delta, are created from mutations, which are more likely to occur if the virus is allowed to spread.
