RIL, IMG form sports JV

RIL, IMG form sports JV

“The joint venture (JV) entity –– IMG Reliance –– will have parallel complementary strategies: to provide and operate world class infrastructure and coaching facilities and to create and operate major sports and entertainment assets in the country,” RIL said in a statement.

IMG owns IMG Academies in Bradenton, Florida, which educates and trains young athletes in the world in golf, tennis among other sports. Developing athletic talent is a key component of IMG-Reliance venture.
IMG Academics will provide management knowledge and coaching skills to the management and coaching teams of academies in India which will be managed by the joint venture entity.

The JV entity would initiate a scholarship programme which will identify talented Indian athletes who will be provided with full sporting and academic scholarships to IMG Academics in Florida, the statement said. “The JV will develop new sports and entertainment assets in India modelled on the structures of such assets in mature market places,” it added.
Press Trust of India

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