The MVP Sports Foundation (MVPSF) held a turnover ceremony to formally hand over a total of P18.5M to Olympic boxers of the Association of Boxing Alliances in the Philippines (ABAP).

The amount included PHP5 million each to Tokyo 2020 Olympic silver medalists Nesthy Petecio and Carlo Paalam, PHP2 million to Olympic bronze medalist Eumir Marcial, PHP500,000 to Olympian Irish Magno through the Philippine Olympic Committee (POC), and P6M to the ABAP coaches.

At the ceremony held at the Meralco Lighthouse Restaurant were MVPSF Chairman Manny V. Pangilinan, POC President Abraham Tolentino, MVPSF President Alfredo S. Panlilio, MVPSF Trustee and ABAP

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