The Olympic champion, Carlos Yulo will bring not just one gold medal but two. After his excellent performance last Sunday, August 4(PHT), Yulo secured two gold medals for the Philippines.
Netizens are asking “What will he get after this competition?”
The International Olympic Committee does not pay any money for the medalist but some of the countries will offer monetary reward, sponsorships, opening for new opportunities and more.
However, before Carlos Yulo won his first medal, Megaworld issued a statement that Filipino athletes who will bring gold medals at the Olympic Paris 2024 will secure their P24-million worth of fully furnished condominium inside the company’s 50-hectare Mckinley Hill township in Taguig City. The Philippine Olympic Committee will also provide house and lot for Yulo.
The SM Group of the Sy family also pledged Carlos Yulo a P1-million worth of products from SM Retail, both department stores and supermarkets that will be consumable within one year. The popular buffet restaurant, Vikings, promised Carlos Yulo a lifetime free buffet.
Apart from that, Yulo will receive P10-million from the government– according to Republic Act 10699, Section 8 to be issued by the Philippines Sports Commission, and P3-million in cash from the House of Representatives and will be honored with Olympic medal of Valor from the Philippine Sports Commission.
“Caloy has earned this reward through sheer hard work and unmatched talent. This incentive is a testament to our unwavering support for Filipino athletes who strive for greatness on the global stage,” said Martin Romualdez.