^

Sports

Philippine Football Federation clears accounts with PSC

The Philippine Star

MANILA, Philippines — The Philippine Football Federation settled its unliquidated accounts amounting to P4.8 million with the Philippine Sports Commission on Sept.  14.

“The federation has remitted a check to cover all unliquidated financial assistance from the PSC amounting to P4,882,602.71,”   said PFF general secretary Edwin Gastanes.

“That amount is from past administrations of PFF from 1996 to 2010,” added Gastanes.

On Sept. 27, 2017, the PSC released a policy via Board Resolution No. 1656-2017 stating that “NSAs with outstanding obligations and/or unliquidated accounts shall receive no funding from the Commission, effective Nov.  1, 2017.”

On April 25, the agency, through Board Resolution No. 652-2018 announced that “NSAs with requests for financial assistance and with unliquidated accounts in amount of One Hundred Thousand Pesos (P100,000) and below may be considered for approval by the Board.”

PFF joins the PSC-funded national associations for athletics, sailing and cycling who  have already settled  their advances.

vuukle comment

PHILIPPINE FOOTBALL FEDERATION

PHILIPPINE SPORTS COMMISSION

Philstar
x
  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with