Windfall for Tokyo gold medal gets bigger

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Ramon S. Ang provides to the gold bounty.

Enterprise tycoon Ramon S. Ang has simply pushed up the worth of a gold medal within the coming Tokyo Olympics to P30 million, one thing which vivid hopes like EJ Obiena can refocus on after he was changed as one of many nation’s flag bearers.

Philippine Olympic Committee president (POC) Rep. Abraham “Bambol’’ Tolentino profusely thanked the generosity of the San Miguel Company huge boss, and 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 informed 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 No. 10699, elevating the money bonanza to P30 million for gold medalists.

Obiena was nominated by the POC as one of many nation’s flag bearers along with judoka Kiyomi Watanabe. However with upgraded well being protocols imposed by organizers not too long ago, the bemedaled pole vaulter wouldn’t be capable to make it to Japan 48 hours earlier than the opening ceremonies as required.

Touring from Formia, Italy, Obiena will arrive in Tokyo only a few hours previous to the parade of nations on the identical day.

Other than the 48-hour window enforced by Tokyo organizers, Tolentino defined that Obiena may expertise the confusion throughout arrival the place athletes, coaches and officers have been pressured to attend for at the least 5 hours on the airport.

“Even when we ask that EJ be allowed to hold the flag, he may not nonetheless make it resulting from that bottleneck on the airport,’’ mentioned Tolentino in the course of the discussion board sponsored by San Miguel, Pagcor, Go For Gold, PLDT, Milo, Braska and Amelie Resort.

Tolentino, in the meantime, added that Tagaytay Metropolis, the place he was a former mayor, has pledged a home and lot for a golden efficiency.

Referred to as 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.

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