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Carlos Yulo's financial future: Is his new bank partnership a step towards independence from family drama?

Carlos Yulo was shockingly submerged in controversy after his incredible performance at the Paris Olympics. After winning two gold medals, he became a hero to his nation, as people couldn’t get enough of him. He received numerous gifts, like multiple cars, an apartment, and many offers from restaurants that promised to give him free meals for his whole life. The gymnast had become a star.

But when one becomes a star, people start paying a lot of attention to their personal lives. This makes them magnify the controversies they get into. The gymnast fell into a similar case to as the tabloids couldn’t get enough of the controversy involving his mother’s embezzlement of his funds. Thus, Carlos had to talk about his finances for the people to hear.

In a recent event, Carlos Yulo was made the brand ambassador of the Filipino local bank EastWest. During the meet, he talked about his financial future with the bank. This was heavily important to talk about for the public post the controversy as they couldn’t wait to hear if the gymnast had suffered any further damages. However, that was not the case.

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Talking in the event, he said, “I really appreciate it. And I’m really grateful and honored to be a part of this. And, of course, I’m grateful to my financial company. It’s hard for me to talk about it. But I want to say that I’m really grateful that I don’t have to worry about the future of my financials.” This statement might calm down the noise a bit as Carlos has refuted claims of any major damages that would affect his future. However, it seems to be seen whether his relationship with his mother would ever be repaired.

via Reuters

The whole controversy started right after the Paris Olympics. Carlos Yulo uploaded a TikTok where he accused his mother, who was handling his finances, of having withdrawn money from his bank accounts without informing him. His mother also didn’t tell him about the money he was supposed to get from previous competitions he participated in.

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This was refuted by Angelica Yulo, his mother, who claimed to have withdrawn the money to safeguard the amount for her son’s future. The whole thing became quite shabby as tabloids started to get into it. However, Carlos Yulo has come forward and said that he has already forgiven his mother. As a successful gymnast, he now wants to look at the bigger picture and concentrate on his future endeavors, which include the LA Olympics.

Carlos Yulo’s future after Paris Olympics and controversy

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Carlos Yulo's financial future: Is his new bank partnership a step towards independence from family drama?

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When an athlete achieves such a huge peak of winning an Olympic medal, there might come a tendency in the body to slow down. This is because the motivation inevitably goes down, as many don’t want to climb the mountain all over again. That is not the case with Carlos Yulo. The gymnast has shot down any plans of slowing down as he plans to go to the LA Olympics with all guns blazing.

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Carlos Yulo wants to defend his titles in the US city four years from now. Not just that, he also wants to add medals from other categories to his tally. Talking to Strait Times, he said, “My next goal is to get a medal in the individual all-around and try to protect the gold medal in floor and vault,” With these words, he set the tone for what’s about to come in his career. If he achieves what he wants, Carlos could start getting into arguments about being the greatest in his sport. Thus, things could get really interesting in LA.

Carlos then further talked about how the experience of going into the Olympics is itself a pleasure. He said, “But there’s always more to it, it’s not all about the medals, for me, it’s all about experience.” Thus, regardless of whether he wins another medal, his participation in the next Olympics seems guaranteed. This is great news for the Philippines, who can hope to add another medal to their cabinet.

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