Jamaica’s Olympic medalists and their coaches are set for a financial windfall under what the Jamaica Olympic Association has dubbed an ‘Olympic Rewards Programme’ worth J$41 million. The Jamaica Olympic Association (JOA) contributed $J5m to the programme while Supreme Ventures Foundation and Mayberry Investments, contributed JS30m and J$6m, respectively.

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.

 

 

There is much hope that the development of Jamaica’s junior gymnastics will spring to another level with the inaugural Mayberry Gymnastics Strength & Skill Testing Series.

More than 100 youngsters, aged five years and older, are participating in the first event in the series, which is scheduled to begin today (Friday, May 14) at 5:00 p.m. and run through to Sunday, May 16, at the National Gymnastics Training Centre, at 1 Slipe Road in Kingston.

The series will take place quarterly for the next four years, courtesy of a joint effort by Mayberry Investments, which have invested one million dollars, the Jamaica Olympic Association (JOA) and the National Gymnastics Federation of Jamaica.

“This event is the first in a series to aid in the national junior development process and will continuously test the readiness of our athletes, as part of a four-year cycle, for the Olympic programme. In other words, this series is critical to the success and growth of our budding gymnasts,” remarked Gary Peart, CEO, Mayberry Investments.

“Mayberry wants to witness the honing of this sort of talent on the local stage so that we can make a big impact on the world stage. Jamaicans are known for being ‘likkle but tallawah’ and this is just another shining example that we are a force to be reckoned with.”

As the main feature, all participants in the training event will be awarded a medal.

“Mayberry is particularly happy that all the athletes involved will be awarded medals at the end of the testing series, because we believe that all efforts are valid, from the smallest to biggest,” Peart said.

Ryan Foster, Secretary General/CEO of the JOA, expressed his delight at the partnership that will bring yet another sport to the forefront of Jamaican athletics.

“The JOA is pleased to have brokered this deal under our JOA/Mayberry partnership that was established in 2019. The sport of gymnastics will be one of the sport that will be representing Jamaica at this summer’s Olympics and we are pleased with the trendsetting work done by President Grant-Brown and her team.

“The synergies between Mayberry and the Jamaica Gymnastics Federation was seamless and one built on developing the next generation of athletes. The JOA is extremely proud of one of our key partners, Mayberry, who has truly bought into our vision of building now for the future,” Foster shared. “They have demonstrated that they are good corporate citizens whose philanthropy has no bounds. We will continue to find avenues for our athletes and members to develop."

All told there will be five sessions, which includes the first that ended at 7:00 p.m. on Friday, followed by a 30-minute awards ceremony. Sessions two, three and four are slated for 9:00 a.m.-11:00 a.m, 12:15 p.m.-2:30 p.m. and 3:00-5:30 p.m., respectively, on Saturday; while Session five will run from 9:00 a.m.-1:30 p.m. on Sunday. The final half-hour in each session is reserved for awards presentations. 

Former national hockey president and now President of Gymnastics Nicole Grant-Brown praised the effort of their partners and noted the impact of their support.

“Mayberry Investments is shining a light on us that is certainly helping us to have hope. Jamaica Gymnastics is in its growth stage and like any child, we need help to grow and with a good support system we can grow big and strong,” she said.

“We are happy and elated that the vision of the Jamaica Olympic Association is wide enough to recognize that gymnastics, which is seen in Jamaica as a minor sport, requires partnerships of this nature to make it major and will one day be placed in its rightful position as one of Jamaica’s most consistent Olympic sport and most participated by our youth in this country.

“Already we have made two consecutive Olympic Games, 2016 and 2021, and the sport has not yet reached its maturity stage.”

She also noted the strategies involved in carving out this series, which marks the beginning of Jamaica’s junior Olympic programme.

“The skills and strength testing is two to three times per year, which is the base for their development. This program compares to that of the United States’ USA TOPS program, which they use to draft gymnasts as young as six years old in their National Gymnastics program. If we want to be the best, we have to adopt what works from the best while developing our own strategies based on our unique culture and natural athletics abilities,” she said.

Ten-year-old gymnast, Rihanna Williams, endorsed the series, saying: “We are the future of gymnastics. We train 5-6 hours, five days per week and it’s very hard. We do this because we love gymnastics and at the end of the day, we want to make Jamaica proud.

“We hope you will not leave us but stay with us and help us grow as we will be Olympians in the future. Thank you again Mayberry Investments, we will make you proud to be part of our family.”

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