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    MVPSF to give P10 million to Tokyo Olympic gold winner

    Jul 8, 2021

    HOW fortunate the country’s first-ever Olympic gold medal winner will be.

    The MVP Sports Foundation (MVPSF) has dangled a P10 million reward for the Filipino athlete who would win the Philippines’ breakthrough gold in the coming Tokyo Olympics.

    Reward for Filipino Olympic gold medalist

    The incentive is apart from the P10 million incentive given by the Philippine Sports Commission (PSC) under RA 10699.

    “This is the tournament of all tournaments. We want to showcase what Filipino talent can do. We want to show the world that we can win medals in the upcoming Tokyo Olympics,” said MVPSF chairman Manny V. Pangilinan.

    "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."

    Silver medal and bronze medal winners would not be left out as well, as P5 million and P2 million await them respectively.

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    "We know that all of our athletes are eager to represent the Philippines, but we wanted to give them added motivation that would help them and their families as well," added MVPSF President Al S. Panlilio.

    Under RA 10699, the same amount will be given to silver and bronze medalists in the Olympics.

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    Of the 19 Filipino athletes vying in Tokyo, 14 are being supported by the MVPSF.

    "All 14 of the athletes we've supported have had some form of foreign training," said Pangilinan. "It tells you something about the preparation that's really needed by our athletes as part of their training. You cannot just train locally. You really have to expose yourself to international standards of competition and pick up lessons learned."

    Boxers Nesthy Petecio, Carlo Paalam, and Irish Magno are currently in Thailand for training, while Eumir Marcial is working with the US Team in Colorado.

    Hidilyn Diaz has been training in Malaysia for much of the pandemic, Caloy Yulo is in Japan, while EJ Obiena is training in Italy.

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    Golfers Yuka Saso, Bianca Pagdanganan, and Juvic Pagunsan have seen action in the US and Japan.

    "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 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."

    Pangilinan wishes all members of Team Philippines good luck in their Olympic campaign.

    "This is certainly a milestone year for us. The delegation we are sending is the best we've composed and sent to the Olympics. Of course, we're hoping that we will continue to have bigger and better contingents to send in the next Olympics. It's always a journey of improvement and growth," added the MVPSF chairman.

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