Complex sentence: The Shakey's V-League is a women's volleyball league in the Philippines formed in 2004 by Sports Vision Management Group, Inc. (Sports Vision) and sponsor Shakey's Pizza Philippines (International Family Foods, Inc.).
Split into simpler sentences: The Shakey's V-League is a women's volleyball league in the Philippines that has been active since 2004. The league was established in 2004 by Sports Vision Management Group, Inc. (Sports Vision) and sponsor Shakey's Pizza Philippines (International Family Foods, Inc.).