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    Now not the right time, says MVP as he decides against seeking POC top post

    Oct 24, 2012

    SIX words summed up renowned businessman/sportsman Manny V. Pangilinan’s reason for declining the clamor for him to run for the presidency of the Philippine Olympic Committee.

    `Now is not the right time.’

    In an official statement released on Wednesday, the president of the Samahang Basketbol ng Pilipinas (SBP) said he will not be contesting the reelection bid of incumbent Jose `Peping’ Cojuangco in the scheduled November 30 election of the country’s Olympic governing body.

    Pangilinan admitted pressing commitments in the business world would not allow him to take on the role of POC president.

    "After long reflection and considerable thought, and taking into account the many complex – and challenging – factors in the assessment, especially the demands on my time which such a position entails, with a heavy heart, I have concluded that now is not the right time for me to join the POC in an executive capacity,” he said.

    The announcement ended weeks of speculation about him seeking the POC presidency in a head-on collision with Cojuangco, who already filed his certificate of candidacy for a third term.

    Pangilinan, also chairman of the Amateur Boxing Association of the Philippines (ABAP), has been open about the idea of him running for the POC post, a possibility that gained ground Monday night when 25 national sports association heads reportedly attended a dinner tendered by his camp at the Meralco office to show support for his candidacy.

    Unfortunately, two days later MVP made `the decision.’

     “I am truly grateful to all those who expressed their support for my candidacy to the POC,” Pangilinan said. “Much appreciated. I know I will disappoint many of you with this decision, and for this I am really sorry.”

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    Pangilinan, however, said that he will continue to support Philippine sports through his MVP Sports Foundation.

    “I must say, however, that I’m not turning my back at all on Philippine sports, that I remain committed to supporting it, that our MVP Sports Foundation will continue to extend time and resources to its orderly development, that our group stands ready to help the Filipino athletes in whatever manner we can. I ask for your kind understanding,” Pangilinan said.

    Pangilinan also holds the chairmanship in the badminton NSA while supporting other sports such as taekwondo, cycling, and football.

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