PSC ready to give P3M for Yulo’s Olympic bid

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The Philippine Sports Commission (PSC) is set to provide gymnastics sensation Carlos Yulo a major financial boost in his training for the Tokyo Olympics.

Gymnastics Association of the Philippines president Cynthia Carrion-Norton yesterday said the PSC will hand out a huge sum of money to help fund Yulo’s bid for Olympic glory.

“I received the board resolution. They’re giving me P3 million,” Norton said in the online Usapang Sports forum by the Tabloid Organization in Philippine Sports. “They said that they’re still preparing it. I wish we will get the money soon.”

Norton proposed to PSC’s national training director Marc Velasco for a P4 million additional budget for Yulo’s training.

Despite only getting 75 percent of her request, she still believes that Yulo will still get the remaining P1 million.

“Maybe they’ll give us later. At least we have P3 million to start with,” Norton said.

The need for additional funding came as MunehiroKugemiya, the Japanese coach of Yulo asked for P6 million to continue Yulo’s training in Tokyo, Norton said.

“Lots of work just for this gold medal,” she added.

Norton said that she will also seek the help of San Miguel Corporation chief Ramon Ang and other business honchos for further financial support to Yulo, who has already got some help from Manny Pangilinan’s MVP Sports Foundation.

Other Filipinos who already qualified for the Tokyo Olympics next year include pole vaulter EJ Obiena, and boxers EumirMarcial and Irish Magno.

Team Philippines to the Tokyo Olympics chef de mission NonongAraneta earlier said at least 86 athletes are training for the Olympics bid.

The country has yet to win an Olympic gold medal since it joined the world’s most prestigious sports meet in 1924.*PNA

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