The financial performance of Jamaica's governing body for Olympic and non-Olympic sports continues to raise the bar in demonstrating prudence, innovation, investment savvy and commercial value.
The annual general meeting of the Jamaica Olympic Association (JOA), held in December last year at the Courtleigh Corporate Centre to consider its 2020 financial performance, was more than an expression of members' confidence in the performance of their apex body.
With unqualified audits and strong balance sheets being in the DNA of sports leading corporate going concern, the JOA recorded, over the prior year, an overall increase in surplus by 85 per cent, a 48 per cent growth in investments, a 23 per cent growth in its general fund, a positive cash flow of 40.3 million dollars - a 27 per cent increase - all of which were exemplified in JOA's net income margin improvement from 20% in 2019 to 42 per cent in 2020.
In giving context to the strong financial performance of the governing body, JOA President, Christopher Samuda, said "Strength, stability and sustainability are foundation landmarks of the JOA and vision and strategic planning and forecasting propel us beyond the horizon of expectations."
The ravages of the ongoing pandemic did not prevent the JOA from continuing a strategy of robust member investment and with strong growth in liquidity and returns on equity and investment, JOA Secretary-General and CEO, Ryan Foster, stated: "Our business model has been carefully constructed to allow for business innovation and currency and as any Chancellor of the Exchequer will tell you if you sensibly manage the treasury, audit your finances, safeguard your investments, economise your operations, budget your costs and frugally grow your revenue base then pandemic or no pandemic, growth will not only be endemic but atomic."
The last quadrennial performance of the JOA has demonstrated that policies and systems are critical to profitability and indispensable to good governance and management. Foster, in giving all a timely reminder, stated that "sport is indeed a business and serious business demands systemic analysis and forecasting, laser checks and balances, strategic commercialisation of your assets and an appetite for revenue."
Treasurer, Nichole Case, in her closing remarks on what had been a remarkable financial year, stated that he JOA will " continue to focus on a healthy balance sheet and to exercise frugal expense management in responding to the impact of a global pandemic without any material effect on the Association's operations as well as to focus on increasing its income streams to support development activities of the various member associations."
The 2020 financial year was historic in many respects but insights into 2021, given by Foster at the meeting in his report, solicited this presidential response from Samuda: "2020 has made history but not for long as 2021 is destined to have a blockbuster fund."
With well-known corporate and business personalities on JOA's Finance Commission, including Chartered Accountants Joe Taffe and Rudolph Speid, complementing JOA Directors Nichole Case, Robert Scott, Gary Peart, Ryan Foster and Christopher Samuda, stakeholders are continuing to get "bang for the buck"
The JOA's business operations, member investment and strengthening of its financial base have given a new meaning to the business of sport and they continue to positively re-define stakeholders' confidence and re-engineer industry metrics and practices.
Host T&T, Jamaica register double wins on Rugby Americas North opening day
Jamaica and Trinidad and Tobago were the only double winners on day one of the 2024 Rugby Americas North (RAN) tournament as their men and women teams registered contrasting victories at the Larry Gomes Stadium on Friday.
Trinidad and Tobago’s men came from behind to secure an unlikely and dramatic 12-5 victory over Mexico, while the Twin Island Republic’s women thrashed Barbados 37-0, as both teams put themselves on course for top spots in their respective round-robin groups.
Meanwhile, Jamaica’s men edged Cayman Islands 22-21, while the women were 40-12 winners over the Dominican Republic.
Canada and Barbados were also victorious in men’s Tier One action, bettering Guyana 29-0 and Bermuda 19-7, respectively.
In the men’s Tier Two division, Curacao topped Turks and Caicos 31-5, and the Dominican Republic secured a 46-0 win over St Vincent & the Grenadines.
The other women’s encounter saw Mexico register a comfortable 39-0 over Trinidad and Tobago’s ‘B’ team.
Action continues on Saturday with Trinidad and Tobago's women and their Jamaican counterparts doing battle, while the hosts’ B team will cross swords with the Dominican Republic to get the day going.
Day Two Fixtures
Women
Trinidad and Tobago ‘B’ vs Dominican Republic
Trinidad and Tobago vs Jamaica
Trinidad and Tobago vs Dominican Republic
Trinidad and Tobago ‘B’ vs Barbados
Trinidad and Tobago vs Mexico
Trinidad and Tobago ‘B’ vs Jamaica
Men’s tier one
Trinidad and Tobago vs Jamaica
Trinidad and Tobago vs Cayman Islands
Boyz striker Antonio recounts passport mishap after missing decisive Nations League quarterfinal clash
Jamaican striker Michail Antonio recently opened up about a bizarre and frustrating series of events that caused him to miss the Reggae Boyz's crucial Concacaf Nations League second-leg clash against the United States.
Speaking candidly on a podcast, Antonio detailed how losing his British passport set off an unexpected chain reaction that kept him grounded in Ghana and ultimately sidelined him from the decisive game.
The England-born player, who switched allegiance to Jamaica in 2021, explained that the trouble started when he misplaced his British passport just before traveling. Despite the setback, the West Ham striker decided to proceed with his plans, using his Jamaican passport to travel to Ghana to visit his academy, Samba Stars.
“I lost my passport before I left, but I thought, 'I'm English, so it's not gonna be a problem getting back into the UK,'" Antonio said on the Rest is Football podcast.
Antonio shows off his Jamaican passport during the podcast.
Confident that his Jamaican passport would suffice, Antonio spent three days in Ghana conducting media work and meeting players at his academy.
However, the real challenge came when the 34-year-old attempted to fly back to England, as immigration officials at the airport in Ghana dropped a bombshell—he required a visa to re-enter England using his Jamaican passport.
“I get to the airport, and they're like, ‘Where’s your visa?’” Antonio shared.
“I’m like, ‘What are you talking about?’ They said, ‘You need a visa to get back to the UK.’ I was like, ‘No, I don’t. I’m English. I’ve been living in the UK my whole life,’” he added.
What Antonio hadn’t realized was that using his Jamaican passport—a foreign document in this case—meant he was subject to the same entry requirements as any other Jamaican citizen, including a visa to enter the United Kingdom.
His disbelief quickly turned into frustration as Antonio realized he wouldn’t be allowed to board his flight back to England. Instead, he was forced to remain in Ghana for an additional three days while he arranged for an emergency British passport.
“I’ve never needed a visa in my life, but because I was using my Jamaican passport for the first time to get back to England, I needed one,” he stated with a broad smile.
That delay threw Antonio’s travel plans into disarray. While he eventually returned to England, he missed the opportunity to secure a visa to fly to the United States for Jamaica’s Nations League second leg in St Louis, Missouri.
Antonio’s absence proved costly for the Reggae Boyz, who suffered a 4-2 loss to their rivals at Energizer Park, sealing a 5-2 aggregate defeat in the two-legged tie.
Antonio, who has been pivotal in Jamaica's recent campaigns and has five goals in 21 appearances, could only watch from afar as the Reggae Boyz fell short of the Nations League semi-final and, by extension, the next edition of the Concacaf Gold Cup.
They are now left to contest the preliminary round in March in order to book a spot in the prestigious tournament.
For Antonio, the ordeal was a learning experience, as his story highlights the challenges faced by dual-national athletes navigating complex travel requirements.
Still, the West Ham striker is back in England, ready to focus on club and country, but will likely double-check his passport before his next trip.
"In the times we’re in with AI and everything, you’re telling me I can’t leave the UK, where I was born, and fly to Ghana using my Jamaican passport, and I can’t come back to England without a visa?” he joked.
Caymanas Park to celebrate retired horses with historic raceday
In a groundbreaking initiative, Supreme Ventures Racing and Entertainment Limited (SVREL) has partnered with the Jamaica Racing Commission (JRC) to host the inaugural Thoroughbred Aftercare Raceday at Caymanas Park on Saturday, November 23. This historic event, the first of its kind in the English-speaking Caribbean, underscores the racing industry's commitment to responsible practices and the welfare of retired racehorses.
The dedicated raceday represents a significant step toward formalizing the retirement process for Jamaica’s thoroughbreds. Chris Wills, Vice President of Administration at SVREL, expressed pride in the initiative.
“This raceday is of special significance to us and is sure to become a staple on our racing calendar,” said Wills. “It’s a testament to our commitment to the animals that are the heart of our sport. We’re proud to partner with the JRC in taking proactive steps to ensure the dignity and care of the horses beyond their racing careers.”
The Jamaica Racing Commission, which oversees the largest population of thoroughbred horses on the island, has long championed initiatives to support racehorse welfare. Dr. Simone Johnally, the Commission Veterinarian at the JRC, emphasized the importance of honoring these horses and providing for their well-being after their racing days are over.
“These beautiful creatures spend an average of eight years within the racing product but have a lifespan of up to 30 years and deserve to be honored and provided with the care and support they need throughout their lives,” Dr. Johnally said.
She highlighted the versatility of retired racehorses, which often transition into new roles such as outrider ponies, trail and pleasure riding companions, members of the Mounted Troop Police, or participants in equestrian sports like show jumping, dressage, and polo. Additionally, retired horses can contribute to agriculture, equine-assisted therapy, and even serve as blood donors for medical institutions.
In recognition of the organizations supporting this vital cause, the Thoroughbred Aftercare Raceday will feature nine races, each named after key partner organizations. This creative approach not only celebrates collaboration but also raises awareness of the importance of aftercare for retired racehorses.
The event marks a crucial moment for Jamaica’s racing industry, setting a precedent for responsible racing practices and ensuring that the animals at the heart of the sport are treated with dignity and care throughout their lives. With initiatives like this, Caymanas Park is poised to lead the way in promoting horse welfare across the region.
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