Cash-strapped T&T Pro League club, San Juan Jabloteh will now be officially known as Adam's Construction San Juan Jabloteh, at least for the next three years. This was stated by the club's chairman, Jerry Hospedales at the signing of a Memorandum of Understanding (MoU) between Adam's Project Management and Construction and Jabloteh at a media launch held at the residence of one of the club's directors, Wilfred Espinet at #1 Mary Street, St Clair, yesterday. The new major investors in the club will take over from Colonial Life Insurance Company Limited (Clico) which discontinued the sponsorhip of the club after 16 years, in September 2010, following the collapse of the major insurance company.
While he did not disclose the value of the three-year deal, Hospedales commended the owner of the ten-year-old company, Imtiyaz Adam for his decision to identify with the uplifting of the underprivileged communities of the East-West corridor. In addition, First Citizens Bank (platinum) and TSTT (silver) are also on board as sponsors of the San Juan-based club while others have given reasonable assurances.
Despite the support for the club, Hospedales said there was need for additional resources if the club was to maintain its historical competitiveness not only in domestic but also regional competitions. "Success in all avenues of sport and culture requires all businesses with appropriate commitments to social responsibility to engage the communities of T&T on a sustained basis.
In drawing reference to clubs in the Concacaf region, Hospedales said members of the board had taken notice of the approach by clubs in Central America mainly on how they attracted and what kind of sponsors they acquired. "In Central America there is no one sponsor that fulfil the needs of any club while there seems to be no problem with conflict of interests as well. Actually we saw one club being sponsored both by Coca-Cola and Pepsi on its jersey. "We took notice of this and what mattered most is the development of the players. Hospedales stressed that in order for clubs from T&T to be competitive at the Concacaf Champions League level a budget of more than US$2million was needed.
