Outstanding debt could have derailed JHF’s trip to Oman
THE JAMAICA Hockey Federation’s (JHF) recent struggle to garner financial support for their historic trip to the Hockey5s World Cup in Muscat, Oman, nearly ended with the team missing their first-ever appearance at a world tournament.
However, JHF President Fabian Stewart told The Gleaner that they almost did not get to take their place at the tournament due to an entirely different reason.
Stewart revealed that hosting Pan American Hockey Federation (PAHF) Hockey 5s World Cup qualifiers in June last year left them US$10,000 in the red with the PAHF. Having an outstanding debt with the regional body would normally lead to disqualification from International Hockey Federation tournaments until the debt is cleared. This debt also prevented the JHF from calling on the regional body in their time of need to assist with their World Cup expenditure.
Stewart said Jamaica had a very good relationship with the PAHF and the JHF was granted some leniency, allowing them to take up their qualification spot in Oman.
“We wanted to explore the option (for financial assistance) from our regional body, the PAHF. They would normally help, but the issue with the regional body is that we have an outstanding debt for the tournament we had here,” he said. “The only reason we are allowed to play the World Cup is because of benevolence and the relationships we have with the PAHF, and the commitment we have made to pay.”
He noted that even if it was possible for them to successfully reach out to the PAHF for financial support, they are very wary about increasing the federation’s debt.
“We as a board are very careful not to extend ourselves for additional debt at the international level.
“To sustain any organisation, you have to ensure your debt-equity ratio is not beyond your capacity to recoup and repay,” Stewart said.
He added that they had hoped to repay the debt with a sponsorship they had for various activities, but they were unable to do so.
The Jamaican team needed a last-minute $3-million contribution from the Jamaica Olympic Association (JOA) to make the journey to Oman, and Stewart was appreciative of all its contributors, especially the JOA.
“I want to thank all the agencies and stakeholders, especially Jamaica Olympic Association and (President) Chris Samuda. The help they have provided the federation has been invaluable. I also appreciate the help from the Sports Development Foundation.” he added.