JN leads off with $30m injection in Racers Grand Prix

JN leads off with $30m injection in Racers Grand Prix

$100-m meet

BY HOWARD WALKER Observer senior reporter walkerh@jamaicaobserver.com

Wednesday, May 25, 2016

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Corporate Jamaica has spoken. A combined contribution of over $100 million worth of cash and kind has made the June 11 Racers Grand Prix a reality, with Jamaica National Building Society (JNBS) pumping in a whopping $30 million as title sponsor.

Following two years of planning and hard work, the Racers Grand Prix organisers thanked all the sponsors that made it possible at a press conference at the Jamaica Pegasus Hotel yesterday.

Dennis Gordon, chairman of the communication and marketing committee, said the partnership with JNBS is the beginning of a perfect relationship.

"It was a long struggle and once again the JN Group stepped up, understanding that we are the capital of excellence and they themselves are the capital of the financial centre," said Gordon.

"We want to thank the JN Group for being our title sponsor. It could not have happened without you. So it’s a good marriage and one that will go on for a long time without divorce," he quipped.

Carlene Edwards, JN’s Group sales, promotions and events manager, said the company is proud to place its full support behind the Racers Track Club for the inaugural staging of the 2016 Racers Grand Prix.

"As the club seeks to become the best track club in the world, we have committed our resources to welcome some of the world’s greatest athletes to Jamaica to participate in the 2016 Racers Grand Prix," said Edwards.

As title sponsor of the Racers Grand Prix, the JN Group will be executing a number of promotions and giveaways, as they build up to June 11.

"We want to give as many Jamaicans the opportunity to attend. So in addition to the tickets that we will be giving away to our members and track-and-field-loving supporters, tickets will also be on sale at select JN Branches and MoneyShops islandwide, starting on June 1."

Recently Jamaica National partnered with the Racers Track Club in hosting a cocktail reception and silent auction on May 1. That event saw the auction of memorabilia from Racers athletes Usain Bolt, Yohan Blake, Warren Weir, Kemar Bailey-Cole and Michael Frater.

Just over $1.6 million was raised and presented to club treasurer Dave Myrie at yesterday’s press briefing.

Myrie said despite the financial struggles, things have worked out very well.

"It’s been a bit of a struggle because to raise the kind money you need to put on a meet like this is not easy and our budget initially was looking at over a hundred and odd million [dollars]," Myrie told the Jamaica Observer.

"Our sponsors have come on board well, they have stepped up to the plate and we really appreciate the fact that our title sponsor JN came on board, and has really supported us in different ways to get this going, and so the meet is now a reality," he noted.

"We are thankful and I wouldn’t say that we have achieved every penny that we need, but we are well on our way and we are very good at where we are right now," said Myrie, who is also the first vice-president of the governing Jamaica Athletics Administrative Association.

The historic Racers Grand Prix was also made possible by a number of other sponsors. They are Digicel, Wisynco, KFC, Jamaica Pegasus, Adidas, Smarts Medical, JUTC, Jamaica Observer, TVJ, SportsMax, Klas FM and Main Events.


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