IOC VICE CHAIR MEETS WITH THE CRESO BOARD

IOC VICE-CHAIR MEETS WITH THE CRESO BOARD

EL NUEVO DIARIO, Santo Domingo.- Juan Antonio Samaranch, Vice-chair of the International Olympic Committee, met with the top executives from CRESO, whom he personally congratulated for the initiative, inspired by the Spanish Investment Program for High-Performance Athletes (ADO).

The courtesy visit was hosted in the INICIA headquarters, where the CRESO chairman, Felipe Vicini, explained to Samaranch, the CRESO operational methodology, and the investment process designed for each high-performance athlete in the D.R since its inception in 2011.

The implementation of initiatives under private investments, that go alongside public investment in high-competition sports, is key for countries to move forward in sports development”, Samaranch explained.

Felipe Vicini, CRESO chairman, explained that CRESO not only invests in the sports career for these athletes, but also in their education, granting each athlete a full scholarship. “We want every athlete to compete and study a career, so that when their sportsmanship years end, they can continue working, as productive members of society in the national labor market”.

Also present at the meeting, was the COD Chairman, Luisín Mejía, who expressed to the IOC vice-chair, how CRESO, the COD and the Ministry of Sports are working together, aiming for Tokyo 2020.

The meeting with Samaranch took place prior to the CRESO Strategic Planning Session, where all 15 member federations presented their training program for the current Olympic cycle.

During the meeting, Vicini seized the opportunity to personally deliver to Samaranch, a volume of the book “GLORIES: Going for the Gold”, which narrates the 70-year history of the Dominican Olympic movement, and the role CRESO has played in developing high-performance sports.

ABOUT CRESO

CRESO is a non-profit entity, responsible for investing in the sports development of high-performance Dominican athletes, alongside academic education. The partner companies at CRESO are: Central Romana Corporation, CLARO, FERQUIDO, Banco Popular Dominicano, Grupo Rica, Grupo SID, Grupo Universal, Total, INICIA, and the Dominican Olympic Committee, as technical sports entity.

ABOUT INICIA

INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

SOURCE: El Nuevo Diario

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