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SMC, MVP Groups Set Aside Rivalry as Ang donates Php50M for PH sports

Ang made the donation to the Philippine Olympic Committee
By Gerry Ramos for Spin.ph |


 

 

This is one rare instance when corporate rivals San Miguel Corp and the MVP group are on the same page.

 

SMC president and COO Ramon S. Ang not only delivered on his promise of a Php20 million for the Philippine Olympic Committee (POC), he threw in an additional Php30M to make it a P50-million windfall for the body headed by men allied with his longtime business rival Manny V. Pangilinan.

 

POC president Ricky Vargas, MVP's most trusted lieutenant, expressed his heartfelt gratitude to Ang and SMC sports director Alfrancis Chua for the financial help that he said will go a  long way in boosting the cause of Filipino athletes and Philippine sports in general.

 

Vargas personally received the check after making a courtesy call on Ang and Chua at the SMC headquarters in Ortigas earlier this week accompanied by POC secretary-general Patrick Gregorio.

 

"I was pleasantly shocked and momentarily speechless," said Vargas after the turnover of the financial support.

 

"The Php20 million was already generous. But the additional Php30 million highlights the commitment of San Miguel and Mr. Ang to Philippine sports. I am beyond grateful."

 

Ang told Vargas that SMC has always been willing to be a 'sports godfather,' saying sports plays an important role in building a nation's character.

 

Chua, it turned out, recommended the additional financial support as SMC's way of fully supporting the leadership program of Vargas in the POC.

 

 

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This story originally appeared on Spin.ph.

* Minor edits have been made by the Entrepreneur.com.ph editors.

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