Based on this statement, it seems to me that the issue is that the new owner of the club, Carranz Outdoors doesn't have a very deep pocket and is unable to finance Global Cebu FC's commitments in the PFL and abroad.
It seems that the management of the team, though, have been trying to meet its commitments to the PFL and abroad on its own. Ultimately, I think this is an exercise in futility. Money is what the club functions, and whoever has it will ultimately have control of the team.
I appreciate the somewhat heroic actions of the management, but they cannot force to spend more than they want if they don't want to. Sad to see this happening, but it is what it is ...
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Global-Cebu Management Breaks Silence on Club Affairs
Published 1 min ago on May 5, 2018
By Lorenzo del Carmen
One of the most storied professional football clubs in the Philippines is in utter disarray
Global-Cebu Football Club Chief Operations Officer Josef Malinay released a statement to the media Friday night clarifying some of the issues that have plagued the club such as ownership and financial matters.
It is safe to say that all is not well for Global off the pitch and that their problems have spilled onto the field as the Cebu-based club failed to qualify out of the 2018 AFC Cup group and failed to travel to Iloilo recently for the Philippines Football League assignment against Kaya-Iloilo Football Club.
The statement stated that Azkals team manager Dan Palami sold the club to Carranz Outdoor CEO Alvin Carranza “as early as December 2017.” One month later, Carranza wrote to the PFL for the club to not participate in the 2018 season of the league, a move that would have cut the competition to five teams after the exits of Ilocos United and Manila Meralco.
(Article intentionally cut, to read more go to: https://tiebreakertimes.com.ph/tbt/global-cebu-management-breaks-silence-club-affairs/115708)