By: Marc Anthony Reyes
Read more: https://sports.inquirer.net/322114/breaking-pff-issues-check-cover-unliquidated-accounts#ixzz5THVkdZNj
The Philippine Football Federation issued a check worth P4,882,602.71 on Sept. 14 to cover all its unliquidated accounts with the Philippine Sports Commission (PSC) dating back to 1996.
The development comes on the heels of the PSC tightening the noose on national sports associations (NSAs) with pending unliquidated financial assistance after accounting of such has pegged the amount to as much as P100 million.
The PFF thus joins the NSAs of athletics, shooting, sailing and cycling as federations that have cleared their delinquent accounts. The PFF’s unliquidated assistance, however, was something the current administration inherited.
“That amount is from past administrations of PFF from 1996 to 2010,” said PFF secretary general Edwin Gastanes.
Last year, the PSC announced that “NSAs with outstanding obligations and/or unliquidated accounts shall receive no funding, effective Nov. 1, 2017.”
Read more: https://sports.inquirer.net/322114/breaking-pff-issues-check-cover-unliquidated-accounts#ixzz5THVkdZNj
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