One US dollar is approximately J$155.
The money is to be placed in individual investment accounts at Mayberry Investments for a period of three years or until the athlete’s retirement from track and field, whichever comes first. At the end of the period, the athlete decides whether to cash in their investments or maintain his or her account.
Under the programme, a gold medalist gets J$6 million, a silver medalist gets J$4 million while a bronze medal winner will be rewarded with J$2 million.
A similar amount will be maintained for the relays but for the relay gold medalists, the J$6 million will be shared among members while for the women’s 4x400 metres relay team that placed third, J$2 million will be shared among the members of the squad.
Coaches will also be rewarded for their work. J$1 million will go to a coach whose athlete won a gold medal, $750,000 for the coach whose athlete won a silver medal and $500,000 for the coach whose athlete won a bronze medal.
The rewards programme, JOA President Christopher Samuda said is part of a broader vision of the association.
“For the Jamaica Olympic Association this partnership represents critical aspects of our vision for the future of the business of sport and emphasizes our conviction that the lives of athletes and coaches matter beyond the present,” Samuda said.
“The Jamaica Olympic Association, Supreme Ventures Limited and Mayberry Investments Limited have come together in an investment trilogy, at the heart of which are Jamaica's athletes and coaches and the strategy of which resides in financial prudence and security.”
Meanwhile, Peter McConnell, Chairman, Supreme Ventures Foundation, praised the athletes for their success. “We are incredibly proud of all athletes who have ever represented Jamaica on the world stage, and we are grateful to have this opportunity to reward this year’s cohort of medalists,” he said.
Similar sentiments were expressed by Christopher Berry, the Executive Chairman of Mayberry Investments Limited.
“Mayberry wishes to congratulate all the athletes that represented us at the Olympics and all of the people who worked so hard to make this national effort yet another success,” he said.
Elaine Thompson won gold medals in the 100m, 200m and 4x100m at the Olympic Games while Hansle Parchment won gold in the 100m hurdles. Meanwhile, Shelly-Ann Fraser-Pryce won a silver medal in the 100m and a gold medal as a member of the 4x100m team. Shericka Jackson won a bronze medal in the 100m and gold as a member of the 4x100m that also included Briana Williams. Natasha Morrison and Remona Burchell were alternates.
Megan Tapper won a bronze medal in the 100m hurdles.
Jackson, Candice McLeod, Roneisha McGregor, Tovea Jenkins, Junelle Bromfield and Stacy-Ann Williams comprised the 4x400m relay squad.
As a prominent financial institution deeply rooted in the Jamaican community, Mayberry Investments recognizes the importance of nurturing local talent and showcasing Jamaica's prowess on the global stage. Through this partnership, the company aims to not only bolster the Jamaican Ice Hockey Team's pursuit of Olympic qualification but also to spotlight the nation's capabilities in winter sports.
"We're thrilled to embark on this journey alongside the Jamaican Ice Hockey Team as they strive for Olympic qualification," expressed Chris Berry, Executive Chairman of Mayberry Investments Limited. "Our sponsorship underscores our steadfast commitment to fostering emerging talent and elevating Jamaica's presence in international sports. Witnessing the team's remarkable performance, we're resolute in our determination to nurture and propel them towards greatness," he added, highlighting Mayberry's unwavering support for the team's trajectory.
The Jamaican Ice Hockey Team, renowned for its extraordinary journey since 2019, has earned global acclaim with an impressive record of 12 victories out of 14 games played. Their comprehensive triumphs against teams from Brazil, Colombia, Mexico, Argentina, Puerto Rico, Venezuela, and Lebanon solidify Jamaica's status as one of the premier associate teams on the international stage, as highlighted by Don Anderson, President of the Jamaican Olympic Ice Hockey Federation.
"We at JOIHF are immensely pleased that Mayberry Investments recognized the value of sponsoring our team for the Tri-State Challenger Series between Jamaica, Puerto Rico, and Lebanon," remarked Anderson. "This sponsorship significantly contributed to boosting the team's physical and mental well-being, enabling us to overcome challenges and emerge victorious in the tournament. We cannot overstate our gratitude for this sponsorship, which was embraced wholeheartedly by our directors and, most importantly, the players, who proudly posed in front of the Mayberry banner, particularly when receiving the player of the match awards, which we achieved on 3 out of the 4 occasions we played."
The team is slated to compete in the Challenger series, comprising three tournaments over the next three months, featuring matches against Puerto Rico and Lebanon. The series kicks off in Chicago on April 18–21, followed by events in New York on June 5–9 and Toronto on July 11–14. Anderson continued to commend Mayberry for its invaluable support, underscoring the significance of this partnership.
"JOIHF and the entire team extend heartfelt thanks to Mayberry Investments for their investment in the team," Anderson emphasized. "As a result of this greatly appreciated gesture, Jamaica emerged victorious in the first stage of the series, positioning themselves favorably to vie for the overall trophy in Toronto in July. This sponsorship is a win-win for all involved. Much gratitude from all of us at JOIHF," he concluded.
Through this collaboration, Mayberry Investments Limited aims to inspire a new generation of athletes and champion the values of resilience, determination, and teamwork. This sponsorship exemplifies Mayberry Investments Limited's enduring commitment to empowering local talent and fostering the growth of sports in Jamaica.
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