POC gets combined P46 million from PBA, SMC, and MVP

ABS-CBN Sports on May 07, 2018 02:32 PM
POC gets combined P46 million from PBA, SMC, and MVP
San Miguel Corporation and the MVP Sports Foundation donated P20 million each to the POC, that is on top of the donation made by their respective teams from the PBA.

In a show of strength and unity, rivals SMC and MVP, together with the PBA, have donated a significant amount of cash to aid tthe Philippine Olympic Committee in its aim to improve Pinoy bets' chances in future international jousts.

San Miguel Corporation and the MVP Sports Foundation donated P20 million each to the POC, that is on top of the donation made by their respective teams from the PBA.

The PBA, as a whole, donated another P6 million or P500,000 from each of the 12 teams.

"I would like to thank with gratitude, the PBA for their contribution and San Miguel Corporation and the MVPSF," said POC president and PBA chairman Ricky Vargas Sunday.

"These are all directed contribution towards athletes, towards NSAs for the program for Southeast Asia and Asian games. We are very thankful for all these contributions. Para sa atleta, para sa bayan, para sa programa," he added.

For now, the allocation of the funds will be divided across different ventures.

The money from the PBA will be used to prepare for the SEA Games and the Asian Games.

San Miguel Corp. will identify NSAs and programs to work with while the money from the MVP group will be used for athlete incentives, for those who win medals in international competitions.

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