Home SPORTS JOA secures major Mayberry investment

JOA secures major Mayberry investment

Ricardo Makyn

The Jamaica Olympic Association (JOA) partnership team has strengthened with the addition of Mayberry Investments, which signed on to a four-year multimillion dollar deal.

Mayberry has been contributing to sport development for years and are the actual title sponsors of the long-running National High Schools Swimming Championships. JOA Secretary General Ryan Foster pointed to Mayberry’ association with sport as he announced their contribution.

“This arrangement will run for a four-year period and is valued at $10 million,” said Foster. “Mayberry has a track record of investing in sports. In a conversation with a parent of a former primary level sporting prodigy, she recounted with great pride how Mayberry would award winners of certain categories 50 stocks from reputable companies in the stock exchange. Her son, who did very well, became the recipient of 150 stocks annually, while he participated in those competitions, stocks that today are doing very well and stocks he still has.”

Sport for Breakfast FORUM

Through its CEO, Gary Peart, Mayberry Investments were also recent contributors to the newly installed JOA initiative, Sport for Breakfast Forum, which serves to bring to the fore and action key issues affecting sports and its athletes.

This forms part of a radical, business-modelled approach by the Christopher Samuda-led JOA, which has secured long-term deals with a number of key stakeholders to raise much-needed finance to support its near 50-member team of affiliates and drive the cause to have more sports represented at the Olympic Games.

“We couldn’t be prouder of this partnership we’ve forged with the JOA. We believe that with our own successes and expertise, we have a wealth of value to contribute to the organisation, its members and athletes alike,” said Peart.

Peart added: “Over the years, our corporate social responsibility initiatives have focused on community building and we will continue to do so through our work with the JOA. We look forward to the opportunity to work with Mr Samuda and his team to help shape the lives of the many Jamaican athletes contributing the national pride and the perpetuation of Brand Jamaica.”

Besides Mayberry Investments and long-time partners Puma, the JOA also secured multi-year deals with Lasco Group, Cartan, Toyota Jamaica and Starlight Productions.

News Credit: The Jamaica Gleaner | Read here http://jamaica-gleaner.com/article/sports/20190517/joa-secures-major-mayberry-investment

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