WORLD gymnastics champion Caloy Yulo found his warchest fattened by P800,000 yesterday, courtesy of the MVP Sports Foundation (MVPSF).
In a statement sent to People's Journal, the MVPSF said the additional funding was given as Yulo continues his preparations for the Tokyo Olympic Games which was postponed to next year because of the coronavirus pandemic that's still plaguing the sporting world.
The grant will maintain Yulo's rent, academic schooling, and support team, composed of a physiotherapist, nutritionist, and sports psychologist.
The 20-year-old Yulo is one of four Filipino athletes who have qualified for the Summer Games, the others being boxers Eumir Marcial and Irish Magno and pole vaulter EJ Obiena. Others like lifter and Rio Olympics silver medalist Hidilyn Diaz and skateboarder Margielyn Didal are also expected to clinch Olympic berths in their respective sports.
The foundation hopes that in doing so, Yulo can focus on his preparations for the Tokyo Olympics, which is scheduled for July 23 to August 8 next year.
"The MVPSF wants to make sure that our athletes still get the best training possible, even as we face the current COVID-19 pandemic," MVPSF president Al Panlilio said in a statement.
"Aside from the financial relief from the additional finding, we're hopeful that this also puts Caloy's mind at ease, because we want to show him that we're behind him all the way," he added. "His sole focus should be on his quest to win an Olympic medal, and we'll do our best to take care of the rest."
A native of Manila, Yulo secured his ticket to the Summer Games after advancing to the final round of the men's all-around in the 2019 World Championships in Stuttgart. In the same event, he won the gold in the men's floor exercise, becoming the first Filipino to become a world champion gymnast.
Yulo displayed his talent and skill at home during the 2019 Southeast Asian Games, when he won the gold in the floor exercise and all-around, while claiming silver in the pommel horse, still rings, vault, parallel bars, and horizontal bars.
He has been training in Japan since 2016 under the tutelage of coach Munehiro Kugimiya.