Sports

World Champs Carlos Yulo and Nesthy Petecio to Receive P1 Million Incentive From PSC

PSC promised P1 million each to Yulo and Petecio.
IMAGE JEROME ASCANO
Comments

A LUCRATIVE financial package awaits world champions Carlos Yulo and Nesthy Petecio upon their return to the country this week.

On Monday, the Philippine Sports Commission (PSC) announced it will hand out a P1 million each to Yulo and Petecio following their respective feats in the world stage.

Yulo became the first Filipino gymnast to win a gold medal in the FIG Artistic Gymnastic World Championships in Stuttgart, Germany last Saturday, while Petecio bagged the featherweight gold in the AIBA Women’s World Boxing Championships in Ulan-Ude Russia the following day.

Petecio and Yulo will arrive one after the other on Tuesday.

“Itong mga batang ito we will take good care of them,” said PSC Chairman William ‘Butch’ Ramirez during a press conference at the Rizal Memorial Complex where he was joined by executive director Merly Ibay.

Photo by JEROME ASCANO.
ADVERTISEMENT - CONTINUE READING BELOW

Yulo, 19, will receive P500,000 as per Republic Act 10699 or the Extended Incentives Act under the World-level qualifiers, and another P500,000 as additional monetary reward from the government sports agency for setting a historic mark.

Petecio meanwhile, will also be given P1 million as per RA 10699 under World level category.

Another boxer in Eumir Felix Marcial is set to be given a total of P500,000 by the PSC (also per RA 10699) for bagging a silver medal in the AIBA World Boxing Championships also in Russia.

The participation of Yulo, Petecio, and Marcial in their respective campaigns were all shouldered by the PSC.

Photo by JANNETH TENORIO.
ADVERTISEMENT - CONTINUE READING BELOW

Yulo’s mother Angelica already expressed gratitude to Ramirez and the entire PSC body for fully supporting her son’s training from the very beginning.

“Lahat ng laban niya sagot ng PSC. Sobrang grateful din po ako sa PSC kasi nakasuporta sila kay Caloy. Kung din sa kanila, hindi po to magiging possible,” said the elder Yulo, whose family leaves in Leveriza, just outside the Rizal Memorial Sports Complex.

This story originally appeared on Spin.phMinor edits have been made by the Esquiremag.ph editors.

Comments
View More Articles About:
Recommended Videos
About The Author
Gerry Ramos for Spin.ph
View Other Articles From Gerry Ramos for Spin.ph
Comments
Latest Feed
 
Share
Former Chief Justice Reynato Puno, Senator Franklin Drilon weigh in on ABS-CBN franchise extension.
 
Share
 
Share
We help you find the best stocks to invest in.
 
Share
 
Share
This survey took a deep dive into the Philippine startup ecosystem.
 
Share
"I take comfort in the fact that as we speak, Kobe and Gigi are holding hands, walking to the nearest basketball court."
 
Share
Blooming cherry blossoms at Haight's Place in Benguet.
 
Share
The Montblanc Meisterstück Calligraphy Collection highlights the golden age of handwritten self-expression.
 
Share
For Muslims, this order by the MPD, even if it was recalled quickly, triggers feelings of being discriminated against because of their religion.
Load More Articles
Connect With Us