In a move set to significantly bolster Jamaica’s sporting landscape, the Jamaica Olympic Association (JOA) has entered into a renewed partnership with Supreme Ventures Limited (SVL), marked by a substantial investment of $75 million over a five-year period.
The extended collaboration underscores the organizations’ dedication to supporting Jamaica’s athletes, coaches, and administrators, transcending the monetary value of the agreement. The primary goal is to foster the development of human capital and sports infrastructure, thereby positioning the nation for success in various international competitions, most notably the 2024 Olympic Games scheduled to be held in Paris.
“This five-year cash investment at a value of $75 million will fulfill that purpose and serve to build out the Olympic infrastructure in a substantive way, while facilitating talent in transitioning to the greatest stage, the Olympic stage, where aspirations in sport will be realized, as we at the JOA, engender in stakeholders, responsible citizenship in sport,” stated JOA President Christopher Samuda, highlighting the broader impact of the partnership beyond financial support.
Samuda further emphasized that the renewed five-year cash investment is designed to fulfill a broader purpose beyond financial support.
