MVP Sports Foundation awards P10 million to Carlos Yulo


At a glance

  • The Manny V. Pangilinan Sports Foundation (MVPSF) is rewarding P10 million to Carlos Yulo and P2 million each to Nesthy Petecio and Aira Villegas for their medal performances at the 2024 Paris Olympics.


The Manny V. Pangilinan Sports Foundation (MVPSF) is rewarding P10 million to Carlos Yulo and P2 million each to Nesthy Petecio and Aira Villegas for their medal performances at the 2024 Paris Olympics.

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Carlos Yulo, left, with Manny V. Pangilinan. (Manny V. Pangilinan Twitter)

Pangilinan disclosed this in a social media post on Thursday, Aug. 22, where he and MVPSF officials personally met Yulo and Gymnastics Association of the Philippines (GAP) President Cynthia Carrion in Makati.

The MVPSF is also awarding cash incentives of P5 million to Yulo’s coaching team and P2 million to the boxing coaches as gratitude for helping the three athletes achieve another milestone in Philippine sports history.

“Like always, they can count on our continued support until LA 2028. Mabuhay ang atletang Pinoy!” Pangilinan wrote on social media.

Yulo became the country’s most decorated Olympian so far after winning two gold medals in men’s artistic gymnastics while Petecio and Villegas bagged bronze medal apiece in their respective weight classes in women’s boxing.

This is the second consecutive edition that the country won an Olympic gold following weightlifter Hidilyn Diaz’s historic victory in the pandemic-delayed Tokyo Games three years ago.