MVPSF incentives released

MANILA, Philippines — Promise made. Promise fulfilled.

Prior to the start of the 2020 Tokyo Olympics, the MVP Sports Foundation (MVPSF) allotted cash incentives for the country’s Olympians.

Just two days after the Games officially closed, the MVPSF already fulfilled its promise, releasing a total of P40.5 million.

Hidilyn Diaz received her P10 million reward for winning the country’s breakthrough gold, silver medalists Nesthy Petecio and Carlo Paalam got P5 million each, and bronze medalist Eumir Marcial P2 million.

“It’s a breakthrough and a milestone event for Philippine sports as we’ve had our best medal haul including our first-ever gold,” said MVPSF chairman Manny V. Pangilinan.

“Much more will be expected from us in Paris,” said Ricky Vargas, member of the MVPSF Board of Trustees and the President of the Association of Boxing Alliances in the Philippines (ABAP).

“After giving our athletes enough time to celebrate and rest, the athletes will be preparing for the upcoming Southeast Asian Games and the Asian Games.”

“In the past 10 years, the MVP Sports Foundation has spent more than P2 billion in total,” said Pangilinan, whose organization has aided athletes from different sports, culminating in the Philippines four-medal haul in the Tokyo Olympics.