Philippine PBA Trades, Releases, Sign-ups, Rumours (vol. III)

[digitalsuperman2]

im not actually forwarding an argument but more of clarifying.my position is that sale or just "sale" (agreement, intent), smc did not do anything wrong as it is a practice to get into that agreement before putting it for approval of the board. i believe smc did not do anything illegal (whatever kind of deal they had with coke). the hotter issue, even among the other governors, is not really sale or impending sale of coke's franchise to smc but more of the possibilities of internal movement of players between 2 teams who are parties to a sale/impending sale.

i didn't say smc is doing illegal. argument as of now is that the board wants a clarrification if indeed smc bought coke's franchise. if indeed is true, and im not saying its true. then repercusions would be that smc cannot own more than 3 franchise.

 

[neo2]

i didn't say smc is doing illegal. argument as of now is that the board wants a clarrification if indeed smc bought coke's franchise. if indeed is true, and im not saying its true. then repercusions would be that smc cannot own more than 3 franchise.

i don't think the current pba by-laws prevent ownership of more than 3 teams.

and even if it does, the pba can always adjust the rules if they deemed it beneficial like the way they adjusted it so smc can have 3 teams then back when when the prevailing rule was maximum of 2 teams per company.

 

[Jordan Bruiseter2]

MVP is likewise interested in acquiring PAL,...Regardless, an Ang or MVP company will definitely make PAL better. Which is probably why Noli Eala was trying to give a hint when he tweeted earlier about PAL's flight delay and how he hoped that a new owner would make the airline's services better.

The SMC buy-in into PAL is merely being finalized. Half a billion USD from RSA gets him somewhere around 46% of PAL. Tan retains majority ownership and is still Chairman but RSA gets full control of operations via shareholders' agreement. What would be interesting is if SMC renames one team as PAL. This would be the second "returning" brand (after Meralco) from MICAA, where they were known as the PAL Skymasters.

Some notes:
MVP's offer was much bigger - $700 million. This however entails majority ownership and kick Tan off as Chariman. With Tan, this obviously had no chance at all.
Lina of Air21/Barako Bull currently sits in the board of PAL as an independent director.

 

[reamily2]

Whoever takes over the PAL operations would be our FLAG Carrier

 

[digitalsuperman2]

Whoever takes over the PAL operations would be our FLAG Carrier

i knew this was comming...

 

[nardy2]

Whoever takes over the PAL operations would be our FLAG Carrier

PAL is no longer the sole Flag Carrier as Cebu Pacific Air, Zest Airways and Air Philippines were also given said distinction With Cebu Pacific now currently considered the country's largest national flag carrier surpassing PAL.

 

[durden_tyler2]

Meanwhile, PBA commissioner Chito Salud and Coca-Cola Bottlers Inc. chair-CEO William Schultz met yesterday at the PBA office and discussed the rumored sale of the beverage company’s franchise to San Miguel Corp.

Salud said he would first notify the PBA board of governors of what happened during the meeting before revealing details to the media.

And... Reports are saying that Schultz has indeed denied the rumors and no sale has consummated. We'll see if the commissioner waits for the 20th (the said board meeting) before he acts on the proposed trade, which has hit a snag obviously.

 

[trig2]

I wonder if it's possible that PAL care off Lucio Tan buys the coke PBA franchise. Legally, it will be an independent team since it was Lucio Tan who bought the team and SMB only owns 46%.

In this scenario, can PAL trade its players to SMB teams without a third team?

 

[digitalsuperman2]

in my understanding, sale can be done before putting it into board approval. of course its not final as it is not offical yet without the board approval. sale will only be consummated with the approval. so there is nothing illegal if there was already agreement between coke and smc prior to presenting it to the board. in my understanding, its not just the "intention to sale" that is to be approved. but the sale itself. if its just the "intention', then even with approval, any one of the 2 parties can run away from that "intention" as it is not binding. but im no lawyer or businessman so mine is the understanding of a student.

this is the official statement of Commisioner Salud regarding the issue of Coke selling its franchise.

http://www.twitlonger.com/show/fte54j

http://www.twitlonger.com/show/ftdoka

I thank the Coca-Cola Bottlers Phils Inc. for responding to our request to clarify media reports on the purported sale of its PBA franchise.

Through a letter addressed to the PBA Board of Governors dated February 13, 2012, Mr. William Schultz, President and Chief Executive Officer of CCBPI, categorically stated that:

1. its franchise has not been sold and that the ownership, operation and management of the Powerade team remain intact under CCBPI control;

2. it will follow the proper process should it decide to consummate the sale of its franchise, namely by first notifying and requesting approval for a sale from the PBA Board of Governors;

3. it has recently met with San Miguel Corporation conformably to a right of first refusal to buy the basketball team granted to SMC at the time CCBPI was acquired from SMC in 2007; and

4. while SMC confirmed its interest in maintaining and securing the right of first refusal to buy Powerade, nothing has been finalized and no sale has been concluded.

While this clarification may help put to rest certain speculations surrounding this issue, it also lays bare a need for additional rules to govern the matter of franchise sale that would in the future prevent the kind of speculation and concerns that have been expressed the past weeks. I will bring this up to the Board for discussion to come up with a collective decision on the matter.

In the meantime, in order to give our Board of Governors the opportunity to ask further clarificatory questions regarding the CCBPI response, I deem it prudent to defer acting on the proposed trade between Petron and Powerade until after the scheduled Special Board Meeting on Monday, February 20.

On a related matter, we have been formally notified that Ronald L. Asuncion has been appointed alternate governor of CCBPI to the Board of Governors of the PBA and will be representing CCBPI in the Special Board Meeting on February 20. Mr. JB Baylon remains the designated governor.

 

[swish#202]

i read somewhere round here that chris tiu being reunited with toroman is possible at least indirectly as toro acts as a consultant for smb. so if the new NT coach wants a change in direction, can pba teams sign tiu directly this season?

 

[digitalsuperman2]

i read somewhere round here that chris tiu being reunited with toroman is possible at least indirectly as toro acts as a consultant for smb. so if the new NT coach wants a change in direction, can pba teams sign tiu directly this season?

pba by laws doesn't allow it. he can play first in the D-League and then enter the Draft.

i want CT to be part of the Gilas2 though.im in favor of it.as one of the assistant coaches. mainly a defensive coach focusing on wing defense. i think he's good at it with his hat full of tricks.

 

[durden_tyler2]

i read somewhere round here that chris tiu being reunited with toroman is possible at least indirectly as toro acts as a consultant for smb. so if the new NT coach wants a change in direction, can pba teams sign tiu directly this season?

No. There are rules to follow.

 

[nardy2]

pba by laws doesn't allow it. he can play first in the D-League and then enter the Draft.

i want CT to be part of the Gilas2 though.im in favor of it.as one of the assistant coaches. mainly a defensive coach focusing on wing defense. i think he's good at it with his hat full of tricks.

like all Gilas players .... Kap is exempted from the D-League Residency rule and he could just enter his name in the Draft if he wants to. But he could not directly sign-up with a PBA Team without passing-thru the draft.

 

[digitalsuperman2]

like all Gilas players .... Kap is exempted from the D-League Residency rule and he could just enter his name in the Draft if he wants to.

oh yeah.i forgot about that. just like other gilas boys. dang. sorry sir nards.

 

[Jordan Bruiseter2]

I wonder if it's possible that PAL care off Lucio Tan buys the coke PBA franchise. Legally, it will be an independent team since it was Lucio Tan who bought the team and SMB only owns 46%.

In this scenario, can PAL trade its players to SMB teams without a third team?

It has happened in the past - the infamous trade of Japeth from Burger King to TnT for picks, with MVP being part-owner of Burger King. Interestingly, Lucio Tan was also part-owner of Burger King at that time.

 

[nardy2]

It has happened in the past - the infamous trade of Japeth from Burger King to TnT for picks, with MVP being part-owner of Burger King. Interestingly, Lucio Tan was also part-owner of Burger King at that time.

I remember that was also questioned and deliberated-on at that time however the bad publicity the PBA was being subjected into because of that controversy, they just allowed that to happen since Japeth does not to play for Burger King annd would rather play for SMART GILAS which was not a PBA team.

 

[swish#202]

pba by laws doesn't allow it. he can play first in the D-League and then enter the Draft.

i want CT to be part of the Gilas2 though.im in favor of it.as one of the assistant coaches. mainly a defensive coach focusing on wing defense. i think he's good at it with his hat full of tricks.

i remember in 1988 patrimonio jolas and co. did not join the draft and went directly to purefooods. jack tanuan was the top draft pick while jolas won the roy. i forgot why the special case though.

 

[digitalsuperman2]

i remember in 1988 patrimonio jolas and co. did not join the draft and went directly to purefooods. jack tanuan was the top draft pick while jolas won the roy. i forgot why the special case though.

it was the time they joined the league.

it was explained here.

http://en.wikipedia.org/wiki/B-Meg_Llamados#1988-1989:_Early_years

As part of the deal to join the league, Purefoods was allowed to take some amateur players from the PABL and the national team. Purefoods then drafted Alvin Patrimonio, Jojo Lastimosa, Jerry Codiñera, Glenn Capacio, and Jack Tanuan. They also added Al Solis and Totoy Marquez from Shell.

However, there was a surrounding controversy on the case of Patrimonio, as his PABL team Swift denied Patrimonio's release. However, before the All-Filipino Conference, the issue was settled and Patrimonio joined the team.

Purefoods also took Fernandez, Hubalde, Israel, and Onchie dela Cruz from the Tanduay squad. David Thirdkill was hired as Purefoods' import for the Open Conference and Fernandez was the team's playing coach during this time.

..........................

 

[nardy2]

i remember in 1988 patrimonio jolas and co. did not join the draft and went directly to purefooods. jack tanuan was the top draft pick while jolas won the roy. i forgot why the special case though.

it was part of the concession given by the PBA to Purefoods in joining the league at that time when the Ayala Group bought the old Yco-Tanduay Franchise of the Elizaldes.

Such concessions in such deals would now have to get approval of the PBA Board of Governors. Such concession was also given to Red Bull when they came in, same with Welcoat. However when Meralco asked for it, it was not given.

 

[digitalsuperman2]

it was part of the concession given by the PBA to Purefoods in joining the league at that time when the Ayala Group bought the old Yco-Tanduay Franchise of the Elizaldes.

Such concessions in such deals would now have to get approval of the PBA Board of Governors. Such concession was also given to Red Bull when they came in, same with Welcoat. However when Meralco asked for it, it was not given.

oh yeah. i didn't get why they didn't allow meralco to do that.