Mayberry Swim meet on today, tomorrow

first_imgAmateur Swimming Association of Jamaica (ASAJ) President Handel Lamey says it is the new administration’s vision to make the annual Mayberry Schools Swimming Championships the biggest swim meet in the region.The meet takes place today and tomorrow at the National Aquatic Centre, Independence Park.Speaking at the launch of the 18th staging of the competition at Mayberry Investments Limited on Wednesday, Lamey said the almost-two-decades-old event continues to be a corner stone in the development of young Jamaican swimmers and that it is the administration’s desire to see the event fulfil its true potential and extend further overseas.”This meet has the potential to be bigger, … and based on our vision, we want to make this meet the biggest in the region. Not only to attract schools from the Corporate Area, but islandwide, and going forward, we want to invite overseas high schools to participate as well,” he said.18-YEAR PARTNERSHIP”Mayberry has partnered with the ASAJ for 18 years and that speaks of commitment in sponsoring community development for the long-term and we appreciate it,” he added.High schools and university competitions are on for today’s opening day and prep and primary schools will compete on the final day. More than 60 schools (30 prep/primary and 33 high schools/universities) and over 600 swimmers are down to participate.Mayberry’s assistant vice-president of marketing, Anika Smith, told the gathering they are committed to swimming in Jamaica and called on other corporate entities to come on board.”Here at Mayberry, we value any role we can play in the development of our communities, especially our young people. We have recognised that sports provide a productive outlet for them. This swimming champion-ship has been the signature sponsorship for our company for the last few years. We want to grow the championship, and that’s why we invite other corporate partners to come on board and make it bigger and better,” she said.last_img read more

Indian businessman says he bought Barbados Tridents for $100

first_imgNEW DELHI, India (CMC): Indian businessman Vijay Mallya says he has paid only $100 for the Barbados Tridents, a franchise in the Caribbean Premier League (CPL) T20 tournament. Mallya’s revelation comes roughly two months after he made the purchase, ending weeks of speculation about the sale. Tridents is one of six franchises participation in the CPL, which is set to bowl off from June 29 and run until August 7. “Everyone made a big drama about me acquiring the CPL team Barbados Tridents,” said Mallya. “It was an acquisition that was not made for any cash. The acquisition was made for just $100.” Mallya has been described as a troubled businessman who left India last month amid attempts by creditors to recover US$ 1.5 billion owed by the long-grounded Kingfisher Airlines. He bought the CPL team in February just before stepping down as chairman of United Spirits and subsequently also lost control over IPL franchise Royal Challengers Bangalore. “By buying the team, me and the other shareholders assumed the obligation to participate in the tournament,” said Mallya. “Now, participation in CPL cost money. So I went to the Barbados government saying ‘I need your support’. I met the prime minister and the government agreed to support, but I paid $100 only to buy the team.” Mallya says the cost of running the franchise is estimated to be around $2 million. “The Barbados government is granting subsidies to the franchise. People don’t get it, and jump to conclusions without knowing the facts,” said Mallya, who is reportedly living in the United Kingdom. “There is a cost of participation, such as players’ salaries and franchise fee. So I worked out all the numbers, studied the model and went to the government asking for help. They were keen to help me.”last_img read more