iFOREX Partners with British Virgin Islands Olympic Committee

iFOREX, a global financial broker, announced this Monday that it has partnered with the British Virgin Islands Olympic Committee (BVIOC). Under the agreement, the broker will sponsor the Virgin Islands (UK) Olympic team on its journey to the Tokyo 2020 Olympic Games.

As part of the partnership, iFOREX will publish online content that will chronicle the BVI Olympic Team’s journey. According to a statement provided by SportQuake, this will include updates regarding training camps for the Olympic Games in Tokyo. Furthermore, the team’s results will be available to clients and the general public at iFOREX News.

A spokesperson for Formula Investment House Ltd, operator of the www.iFOREX.com website, said in the statement: “As a company licensed in the British Virgin Islands, we have first-hand awareness of the spirit and potential of this exceptional team and we are proud and excited to support the athletes in their remarkable efforts to bring home the Territory’s first Olympic medal.”

An industry-first?

Today’s announcement will see iFOREX join athletic brand Puma, who is also an official sponsor of BVIOC. According to the statement, it is believed that the partnership announced today marks the first time an investment firm has sponsored a National Olympic Committee.

“By lining up with Puma, known for its history of performance and athletic support, we’re proud to help the BVI’s athletes represent their country with devotion and determination,” added an iFOREX spokesperson.

The current BVI Olympic Team is not 100 percent locked in, but it will most likely be comprised of four athletes. Among these, Kyron McMaster in the Men’s 400m hurdles and Eldred Henry in the Men’s shot put have qualified. A number of other athletes are seeking to qualify in the next four months.

Speaking on the partnership, Ephraim Penn, President of the BVIOC, outlined in the statement: “The BVI Olympic Committee is delighted that a respectable and successful investment firm such as iFOREX has identified the potential of the BVI team for Tokyo 2020 and we believe that together we can make history and see a first Olympic medal won by an athlete competing for the Virgin Islands.”