Traders Insurance general manager, Mike S. Licop gave the check to NMBF president, Marconi Calindas and other badminton group officers at the firm’s office in Oleai.
Eight teams with eight players each, will compete in the tournament which will open this Saturday at 6 p.m., at the Gilbert C. Ada Gym.
Licop said this is the third time Traders Insurance has sponsored a sports event.
He said the firm’s president, Pablo B. Mendoza who is a badminton aficionado himself, wants to assist Calindas’ group in promoting physical fitness and sportsmanship among the island’s residents regardless of nationality, race or ethnicity.
Licop said that due to current economic situation, they understand how hard it is for sports organizations to go on with what they have started with a good purpose.
The possible events of the tournament will be mixed double, men’s double, women’s double and men’s singles.
Games will be on Fridays, Saturdays and Sundays and the teams will compete in six events each day on a round robin manner. The team that will earn the highest points will be the winner.
Winners in each event will get one point or maximum of six points per day. To break the tie, most points garnered will tell who the winner is.
Team captains are Ed Sikayun of Net Fighters; Edwin Montoya of Badminton All Stars; Roger Vales of D’ Blue Powers; Eric Peña of Yellow Team; Marconi Calindas of Bad-Masters; Hapi Gabriel of Red Dragon Shutters; Lito Mendoza of Gray Hawk and Macoi Aguda of Smash Killers.
The tournament’s entry fee will be $30 per player and $20 for youth player.
