Taiwan gets a new ministry - the Ministry of Sports

[Tony's Table Tennis]

Double good news.

1) Taiwan now has a Sports ministry. Before it was under the Ministry of Education, department of sport. Now there is a Ministry of Sport

2) this is the big one, the new Sports Minister is an Olympic Gold Medalist, 30 years old Lee Yang.
He won two golds in Men's Doubles Badminton at Paris and Tokyo Olympic Games

As a sports person, These 2 news are very welcoming and the best is that the leadership has bestowed a sports person to lead this ministry.
Lee Yang had to terminate all his personal endorsements / all sponsorship to take up this public office.
It is said the endorsements he has is in the millions of US dollar a year - a huge financial sacrifice where most people will cash in on the fame, but Lee Yang choose to take his fame to uplift all sports in Taiwan.

Taiwan is not a sporting country with many of it sporting success contributed by the parents and privately, and not by the public system.

 

[JackJohnson]

Double good news.

1) Taiwan now has a Sports ministry. Before it was under the Ministry of Education, department of sport. Now there is a Ministry of Sport

2) this is the big one, the new Sports Minister is an Olympic Gold Medalist, 30 years old Lee Yang.
He won two golds in Men's Doubles Badminton at Paris and Tokyo Olympic Games

As a sports person, These 2 news are very welcoming and the best is that the leadership has bestowed a sports person to lead this ministry.
Lee Yang had to terminate all his personal endorsements / all sponsorship to take up this public office.
It is said the endorsements he has is in the millions of US dollar a year - a huge financial sacrifice where most people will cash in on the fame, but Lee Yang choose to take his fame to uplift all sports in Taiwan.

Taiwan is not a sporting country with many of it sporting success contributed by the parents and privately, and not by the public system.

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It was sad to see him retire. I thought him and Wang might try and go for the 3 peat.

I remember reading somewhere that after retirement he was going to work at a school/university involving coaching badminton. I’m assuming since he taken up this role he will have to quit working there.

 

[Tony's Table Tennis]

It was sad to see him retire. I thought him and Wang might try and go for the 3 peat.

I remember reading somewhere that after retirement he was going to work at a school/university involving coaching badminton. I’m assuming since he taken up this role he will have to quit working there.

You are spot on, he was a lecturer at a university (Chuang Chih-Yuan is also too btw)
And yes, he had to quit that too.

Its really uncommon to allow “youngsters” taking up leadership roles in Asian culture, so this is big!

 

[JackJohnson]

You are spot on, he was a lecturer at a university (Chuang Chih-Yuan is also too btw)
And yes, he had to quit that too.

Its really uncommon to allow “youngsters” taking up leadership roles in Asian culture, so this is big!

I wonder how much penalties he had to pay for having to cancel sponsorships/endorsements. I hope he didn’t have to pay too much to cancel as it was not like he was cancelling to switch to a another competitor.

Do you have an idea on how much this role will pay him as a Sports Minister?

 

[Tony's Table Tennis]

I wonder how much penalties he had to pay for having to cancel sponsorships/endorsements. I hope he didn’t have to pay too much to cancel as it was not like he was cancelling to switch to a another competitor.

He is a national hero
I don't have the details, but I am sure it is all within reasonable termination for both parties.
should he get penalized crazy, I'm sure those brands will loose reputation over the national hero gone into public office.
From what I can tell, he is a good person with a lot of good relationships. He isn't a celebrity, it just a normal sportsman, that just peaked twice at the right time with Wang

Do you have an idea on how much this role will pay him as a Sports Minister?

his salary is just short of 7000 USD a month, which is only a fraction of his multi million dollar endorsements he had prior.

for his 2 gold medals, he actually still gets another 8200 USD every month, or 4100 usd per gold medal, (which he was getting before and can continue receiving as it is state paid).

so his full income today is the 7000 + 8200 usd per month. But that 8200 is olympic gold, if we say purely on the minister role, it is only 7000 usd.

So we can say, with his gold medal income, plus sponsorship, he doesn't need to work ever.

What is nice about Department of Sport upgrading to Ministry of Sport is that the budget as well as manpower allocation will increase a lot, about 40% increase in budget.
So this is huge for us and table tennis will surely benefit and I will make sure it will also benefit our international friends.

 

[hope2getgood]

This is awesome. Seems like a good bloke.