100 years of Asiad gets the green light
By: Julius Manicad(The Daily Tribune)
Funding for the country’s hosting of the Asian Games Centennial Celebration, a special event created for the region’s 100 years in sports, would no longer be a concern if sponsors deliver on their pledges.
Philippine Olympic Committee president Jose “Peping” Cojuangco yesterday expressed confidence nothing would stop the festival slated on Nov. 26 in scenic Boracay.
Cojuangco said a big group of businessmen has pleged support while the House of Representative has a resolution backing the glittery occasion, which is expected to draw around 400 to 500 delegates, including Prince Albert of Monaco and Olympic Council of Asia president Sheikh Ahmad Fahad Al-Sabah of Kuwait.
Also included in the high-profile list of guests are former International Olympic Committee president Jacques Rogge and his successor, Thomas Bach, as well as members of his executive council.
Cojuangco admitted that that he almost backed out of his commitment when financial support earlier came in trickles.
Philippine Sports Commission chairman Ritchie Garcia said the government gave P20 million in advance payment to caterers and hotels. The costing, however, is expected to shoot up to P80 to P90 million.