Yulo gets additional P800K Olympic bid funding
ABS-CBN Sports on Aug 05, 2020 03:48 PM
Olympic-bound gymnast Caloy Yulo receives an additional P800,000 financial help from MVP Sports Foundation.
Filipino gymnast Caloy Yulo preparation for the Tokyo Olympics got an additional boost after the MVP Sports Foundation (MVPSF) extended a much-needed financial help on Wednesday.
MVPSF president Al Panlilio announced that they have granted an extra P800,000 funding for Yulo to cover his training expenses in Japan as he prepares for the Tokyo Olympics scheduled July 23 to August 8 next year.
"The MVPSF wants to make sure that our athletes still get the best training possible, even as we face the current COVID-19 pandemic," Panlilio said.
The financial donation was coursed through the Gymnastics Association of the Philippines.
"Aside from the financial relief from the additional finding, we're hopeful that this also puts Caloy's mind at ease, because we want to show him that we're behind him all the way," said Panlilio. "His sole focus should be on his quest to win an Olympic medal, and we'll do our best to take care of the rest."
The 20-year old gymnast is one of four Filipinos who have qualified for the Games, which was delayed for a year due to the coronavirus (COVID-19) pandemic, along with pole vaulter EJ Obiena and boxers Eumir Felix Marcial and Irish Magno.
Yulo earned his ticket to the Games after advancing to the final round of the men's all-around in the 2019 World Championships in Stuttgart, Germany. He also won the gold in the men's floor exercise in the same tournament.
The Manila pride also won two gold medals and five silvers in the 2019 Southeast Asian Games hosted by the Philippines.
With the financial help, Yulo got all-important shot in the arm as he vies for the elusive Olympics gold.