FILE — SMC president Ramon S. Ang on the victory celebration for the San Miguel Beermen. Picture by Tristan Tamayo/INQUIRER.internet
MANILA, Philippines–Enterprise tycoon Ramon S. Ang has simply pushed up the worth of a gold medal within the coming Tokyo Olympics to P30 million.
However whereas Philippine Olympic Committee president Rep. Abraham “Bambol’’ Tolentino profusely thanked the generosity of the San Miguel Company huge boss, the POC chief believes extra financial pledges will floor for medal-winning Filipino athletes.
“The money incentive for an Olympic gold medal might attain as much as P50 million, which is equal to $1 million in different international locations,’’ Tolentino advised sportswriters in the course of the Philippine Sportswriters Affiliation discussion board on Tuesday.
Ang matched the dedication made by MVP Sports activities Basis of Manny V. Pangilinan and the federal government incentives based mostly on Republic Act 10699, elevating the money bonanza to P30 million for gold medalists.
“I imagine there might be extra commitments from the personal sector within the coming days, particularly when our athletes already received these medals,’’ mentioned Tolentino within the weekly discussion board backed by San Miguel Company, Go For Gold, Pagcor, Milo, Good, Amelie Lodge and Braska.
Often called the Nationwide Athletes and Coaches Advantages and Incentives Act, RA 10699 rewards P10 million for gold medalists, P5 million for silver-medal performers and P2 million for a bronze-medal effort.
Tolentino mentioned he wrote and known as a number of extra personal firms to make a pitch for the money bonuses of the 19 athletes who will see motion within the Tokyo Summer season Video games on July 23-August 8.
He added that Tagaytay Metropolis, the place Tolentino was a former mayor, has pledged a home and lot for a golden efficiency.
“I’ll simply anticipate them to come back ahead. These commitments will encourage our athletes to work more durable as they purpose to win these medals,’’ mentioned Tolentino.
Monetary rewards poured in when weightlifter Hidilyn Diaz claimed a silver medal within the 2016 Rio De Janeiro Olympics in addition to when boxer Mansueto `”Onyok’’ Velasco obtained the identical medal colour within the 1996 Atlanta Video games.
The Philippines has by no means received a gold medal since Filipino athletes started collaborating within the 1924 Paris Olympics.
Workforce Philippines has attractiveness on the elusive gold in Tokyo with world champions Carlos Yulo of gymnastics and Nesthy Petecio of boxing along with golfer Yuka Saso, boxer Eumir Marcial, skateboarder Margielyn Didal, pole vaulter EJ Obiena and Diaz anticipated to churn out high-performance outputs.
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