Manny V. Pangilinan (MVP) added a grand push for the country’s campaign in the Tokyo 2020 Olympics as he pledged a P10 million incentive for the Philippines’ maiden Olympic gold.
The MVP Sports Foundation (MVPSF) board formalized the decision that includes P5 million for a silver and P2 million for a bronze on Thursday, July 8.
“The MVPSF appreciates the sacrifices from all our athletes. We know it wasn’t easy to train during the pandemic but they still persevered to give Filipinos something to look forward to and be proud of,” said MVPSF president Al Panlilio.
“We hope the monetary reward we’ve set aside will give them the extra push to really go all out and win the country’s first-ever gold medal in the Olympics. We’ve been waiting for the Olympic gold medal for so long and we know it will inspire the entire nation.”
The incentives to be given out by MVPSF will be on top of the bonus system of the Philippine Sports Commission Act (RA 10699), which will give out the same amounts for each medal color, respectively.
MVPSF currently supports 14 out of the 19 Filipino Tokyo 2020 Olympians financially and has helped pave the way for them to train abroad.
“When MVPSF was formed in 2011, the objective was to win our country’s first Olympic gold and we have a really good chance to win medals in the upcoming Tokyo Olympics,” said Pangilinan.
The quadrennial sports meet will be staged from July 23 to August 8 in Tokyo, Japan. – Rappler.com