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Cost of hosting FIBA World Cup is ‘expensive’, says MVP

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Philippine Sports News - Tiebreaker Times Cost of hosting FIBA World Cup is 'expensive', says MVP Basketball Gilas Pilipinas News  Samahang Basketbol ng Pilipinas Peter Cayetano Chot Reyes Al Panlilio 2023 FIBA World Cup

The officials of the Samahang Basketbol ng Pilipinas were in a celebratory mood on Thursday afternoon as the federation celebrated the Philippines’ hosting of the 2023 FIBA World Cup. And this was a real victory for the country after it suffered heartbreak back in 2015 during the announcement of the 2019 FIBA World Cup hosting.

“When we lost to China in Tokyo, there were two parts in that presentation. The first is the emotional part, we won hands down,” recalled SBP Chairman emeritus Manny V. Pangilinan. “Yao Ming came over and said you won that one.

“We just lost in the infrastructure bid.”

That was why the Philippines needed to alter its pitch for the 2023 tourney. Instead of focusing on emotion, the country tapped the assistance of Japan and Indonesia for its new bid.

And the rest, as they say, is history.

But with this, many wondered how much will it cost for the country to host this tournament that will feature 32 teams from all across the world. The officials of the national sports association were mum about it, only saying that it’s “expensive”.

“The first word that came to my mind was expensive.

“I don’t think it’s right to be precise about numbers,” Pangilinan shared.

“Sa amin na lang yun. We really can’t disclose it eh,” admitted Foreign Affairs secretary Alan Cayetano

Despite the high costs, the SBP is gunning to break the all-time FIBA attendance record.

The record was set back in the 1954 edition of the tournament in Rio de Janiero, Brazil, that attracted 35,000 fans. The Philippine Arena, which will host the semifinals and final of the tournament, has a capacity of 55,000.

“We think we will surpass the FIBA-record for attendance. Imagine a Team USA vs. Gilas Finals,” quipped SBP president Al Panlilio.

Still, Pangilinan — who said that hosting the tournament will be his lasting legacy to Philippine sports — expressed that the cost does not matter if it will give joy to the Filipino people.

“You cannot put a price on this thing.”

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