To raise funds for SEAG athletes: POC godfathers to the rescue
MANILA, Philippines - The Philippine Olympic Committee (POC) will do its share to augment the Philippine Sports Commission’s meager funds for the preparation and campaign of Team Phl in the 26th Southeast Asian Games through its own “godfather” program.
According to POC chairman Monico Puentevella, the Olympic body will approach the country’s business tycoons and largest corporations to possibly tap them as “godfathers” for the different national sports associations (NSAs).
“We plan to approach the Ayala de Zobels, John and Lance Gokongwei, Andrew Tan, Lucio Tan, Ramon Ang, the Gotianuns, Yuchengcos, Gabby Lopez, Oscar, Piki, and Manolo Lopez, Lhuilliers, and others who have been silent and unsung heroes of sports for many years,” Puentevella said.
Additionally, the POC will also try to sell the athletes to multi-national companies such as Samsung, Nokia, Hyundai, and Daewoo. “This would form part of their social responsibility portfolio,” he said.
The POC’s godfather project will be patterned after the successful scheme of the 1980s during which taipans footed the bill for various sports – Danding Cojuangco for basketball, Roberto S. Benedicto for swimming, Lucio Tan for weightlifting, Panfilo Domingo for lawn tennis, and Dominador Pangilinan for baseball.
The footsteps of the late Pangilinan is being followed by his son Manuel, whose companies PLDT, Smart, and Meralco, are taking care of boxing, taekwondo, tennis, badminton, basketball, football, and wrestling, among others.
“Just like MVP, I believe there is no reason why the others would not gladly contribute to the cause,” Puentevella said.
Both the POC and the PSC are scrambling for extra funds for Team Phl as no extra money from the national government is forthcoming. President Aquino himself told sports leaders in a recent meeting. The PSC has allocated P30 million for the SEAG campaign but with the delegation expected to balloon to 700 or 800, it faces a shortfall of P60 million.
Confounding the problem is Pagcor’s continued practice of remitting five percent of its gross income less franchise tax and national treasury to the PSC instead of the original computation of five percent of gross.
“We have no choice. We have nowhere to go if the five percent of gross income from Pagcor as mandated by law, RA 6847, in 1990 and implemented by the late President Corazon Aquino, is not heard and given by Malacañang. Our back is against the wall now,” said Puentevella.
The PSC is also looking at launching its own Adopt an Athlete program but is eyeing the smaller businesses to handle the basic allowance, nutrition and medical needs of athletes estimated at P20,000 a month per head.
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