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Double Olympic champion Carlos Yulo receives ₱10 million cash incentive from Manny V. Pangilinan

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E. Kristhoff Cagape

<p>Double Olympic champion Carlos Yulo received another ₱10 million, this time from sports patron Manny V. Pangilinan.</p><p>The Filipino gymnast received the cash incentive courtesy of the MVP Sports Foundation.</p><p>The foundation also gave incentives to boxers Nesthy Petecio and Aira Villegas. The coaching teams of the three winning athletes will also be receiving cash rewards.</p><p>As per its website, the MVP Sports Foundation was &quot;created to centralize the sports initiatives of the MVP Group, particularly the National Team Programs that the MVP Group supports. This organization is led by five (5) of the top executives of the MVP Group and four (4) patrons of Philippine Sports, two of which are independent trustees.&quot;</p><div><iframe src="https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2FOneSportsPHL%2Fposts%2Fpfbid021LR2Sca1aTKXfXBSEFvF7zyy2Vitc8UbdZDgRCvSXSLVpm2ZDin75e7728vzgX69l&amp;show_text=true&amp;width=500" width="500" height="734" style="border:none;overflow:hidden" scrolling="no" frameBorder="0" allowfullscreen=""></iframe></div><p>&quot;Happy to announce a cash reward of ₱10 million for Caloy and ₱2 million each for Nesthy and Aira. In addition, we are giving ₱5 million to Caloy’s coaching team and ₱2 million to the boxing coaches,&quot; Manny said as reported by Inquirer.</p><p>The MVP Sports Foundation Chairman and Trustee also vowed to support Filipino athletes on their journey towards the 2028 Olympics in Los Angeles, California.</p><p>&quot;Like always, they can count on our continued support until LA 2028. Mabuhay ang atletang Pinoy!&quot; he stated.</p><p>Carlos won his first Olympic gold in the men&#x27;s artistic gymnastics floor exercise finals in Paris. He clinched his second gold in the vault finals.</p><p>Following his win, Carlos received various rewards and incentives from the Philippine government and private organizations.</p><div><a href="https://push.abs-cbn.com/2024/8/14/take-a-look-inside-carlos-yulo-s-32-million-condo-following-his-double-olympic-gold-win-1442"><strong>READ: Take a look inside Carlos Yulo’s ₱32 million condo following his double Olympic gold win</strong></a></div><p>Carlos recently received ₱20 million from the Philippine Sports Commission as mandated by the National Athletes and Coaches Benefits and Incentives Act.</p><p>He was also gifted a ₱32 million condo from Megaworld Corporation.</p><p>The athlete was also given a <span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">₱</span> 20 million cash incentive from the Office of the President and <span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">₱</span> 14 million from the House of Representatives, among others. </p><div><br/></div><iframe class="instagram-media instagram-media-rendered" id="instagram-embed-6" src="https://www.instagram.com/p/C-QK1reNs_g/embed/?cr=1&amp;v=14&amp;wp=607&amp;rd=https%3A%2F%2Fent-workbench-web.abs-cbn.com&amp;rp=%2F#%7B%22ci%22%3A6%2C%22os%22%3A2746295.7999999523%2C%22ls%22%3A1052409.0999999046%2C%22le%22%3A1052759.0999999046%7D" allowtransparency="true" allowfullscreen="" frameBorder="0" height="880" data-instgrm-payload-id="instagram-media-payload-6" scrolling="no" style="background:white;max-width:540px;width:calc(100% - 2px);border-radius:3px;border:1px solid rgb(219, 219, 219);box-shadow:none;display:block;margin:0px 0px 12px;min-width:326px;padding:0px"></iframe><script async="" src="//www.instagram.com/embed.js"></script><div><br/></div><p>In a recent interview with ABS-CBN News, Carlos shared what he planned to do with his cash incentives and rewards.</p><p>&quot;I am going to save it and invest also,&quot; he relayed. &quot;I&#x27;m not a forever athlete po. I have to take care of my personal life also and balance it also.&quot;</p><p>Carlos also plans to give back to the gymnastics community.</p><p>&quot;And of course, share it sa mga bata po na gustong mag-gymnastics,&quot; he remarked.</p>

<p>Carlos Yulo received additional cash incentive courtesy of the MVP Sports Foundation. The foundation also gave incentives to boxers Nesthy Petecio and Aira Villegas, as well as the coaching teams of the three winning athletes.</p>

Carlos Yulo received additional cash incentive courtesy of the MVP Sports Foundation. The foundation also gave incentives to boxers Nesthy Petecio and Aira Villegas, as well as the coaching teams of the three winning athletes.

Double Olympic champion Carlos Yulo receives ₱10 million cash incentive from Manny V. Pangilinan

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Double Olympic champion Carlos Yulo receives ₱10 million cash incentive from Manny V. Pangilinan

Toff C.

Published Aug 23, 2024 10:44 AM PHT

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Carlos Yulo

Manny Pangilinan

MVP Sports Foundation

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