Statement from BSCP

BSCP (yen and cohorts) are mighty quite lately..they must be ccoking up some dang again to serve to people who will be willing to buy their lies and stinks....

..to the people and entities in bed with yen and cohorts...how does it taste to be served up with dang with honey as icing... just wondering...

there is still time to do the right thing and renounce yen and cohorts(bscp,raya, ....)... :thumbup:
 
bandido said:
Quoting from the PBDF section in the BSCP website:
Philippine Billiard Development Foundation

objectives:

1.NO COMMISSION CLAUSE. No 40% commission will be deducted from the players winnings, gifts, endorsement fees & etc. All expenses defrayed by PBDF in aid of their quest to compete locally & internationally will be returned to the foundation no more, no less.

This means that all monthly stipend advanced, airfare, hotel accomodation expenses, food allowances, visa fees and entry fees are to be returned by the financially-assisted player to the Philippine Billiard Development FOUNDATION.
Click to expand...

In addition to the above, I recently found out that this supposed foundation that they put together to assist players is NOT registered with the SEC according to the SEC online search. Not surprising as one needs 1 Million pesos in available funds deposited in the foundation's account to get a FOUNDATION classified entity registered with the Securities and Exchange Commission. Is this so called Philippine Billiards Development Foundation another one of their deceptions?
 
This is really confusing now. BSCP controls accreditation, Raya Sports handles the marketing and organization, and PDBF handles the money (Foundations have a distinct advantage in Philippine taxation)?

I am starting to wonder if this is a design done over coffee. It lacks accounting and legal expertise, or probably it has them with secrecy as a requirement.
 
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