PRESIDENTIAL Adviser on Sports Dennis Uy has vowed to get the private sector involved in Philippine sports as he targets pledges amounting to P1 billion that would add to the budget already being spent by the Philippine Sports Commission.
Uy made the statement during Monday’s formal launch of the PSC’s pet project Philippine Sports Institute at the Philsports Arena where he stressed the need for more funds to help athletes and coaches.
“Hopefully, the coming funds we need the private sector (will) augment the budget of Philippine sports to raise P1 billion in pledges from sports-loving business people and conglomerates, hopefully, with the objective of supporting programs such as the PSI,” said Uy.
Aside from his appointment as presidential adviser, Uy is actually a member of the private sector being the president and chief executive officer of Phoenix Petroleum, which incidentally owns a franchise in the PBA.
Uy said the PSC budget pales in comparison to other countries, which have made great strides in the international sports scene.
“The short time that I’ve collaborated with the chairman, (I realized that) we lacked more funds because the funds from the PSC are mostly from Pagcor,” said Uy.
“If you compare it to other Asean countries, it’s small as per capita. We are a little over P1 billion but comparing to other countries like Thailand, they have 10 to 20 billion spent for athletes, coaches, training, and facilities,” Uy said.
Uy has given his support to the PSI, the main grassroots program of the PSC that will instill scientific training to coaches and the identification of potential young talent in the provinces.
“The objective is get the first gold medal in 2020,” Uy said.