PBA, San Miguel Corp, MVP Group combine for P46M donation to POC
MANILA, Philippines – The PBA, San Miguel Corporation (SMC) and the Manny V. Pangilinan Sports Foundation (MVPSF) extended their support to the Philippine Olympic Committee (POC) by donating a total of P46 million.
All of the 12 PBA teams donated P500,000 each for a total of P6 million while SMC and MVPSF gave P20 million apiece as the POC gears up for the country's 2019 hosting of the Southeast Asian Games and the Asian Games campaign this August.
POC president Ricky Vargas, who also holds the chairmanship of the PBA board, said the money will be spent on different purposes depending on the memorandum of agreement (MOA).
"Bawat contribution, may directed MOA kami sa donee. For San Miguel, they will choose the NSAs (National Sports Associations) and the program they will godfather and work with. For MVPSF, di ba naipangako namin 'yung pagbibigay ng incentives, at kung may matitira, sana wala, para maubos na yung pera na 'yun dahil marami tayong makuhang medalya, gagamitin sa training ng atleta," said Vargas.
(For every contribution, there is a directed MOA for every donee. For San Miguel, they will choose the NSAs and the program they will godfather and work with. For MVPSF, we promised that we will give incentives to winning athletes and we hope there will be nothing left because that means we will win many medals.)
"[The donation of the] PBA will be for Southeast Asian Games training and development as well as the Asian Games and the NSAs' development."
The donations were presented during halftime of TNT KaTropa's 96-92 win over Barangay Ginebra on Sunday, May 6, at the Mall of Asia Arena.
PBA commissioner Willie Marcial said the Board of Governors planned the donation during a recent meeting in Hong Kong.
"Initiative ng mga governors and doon na nga nagsimula na gusto nila tumulong sa POC. Sa Hong Kong pa ito, napagkasunduan ng mga governors na suportahan ang POC at yun nga, ang presidente, chairman din namin," said Marcial.
(This is an initiative of the governors and they really wanted to help the POC. The governors decided in Hong Kong to support the POC and the president, who is also our chairman.)