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

  • Thread starter Thread starter rikhardur2
  • Start date Start date
nardy said:
On a business perspective maintaining a PBA Team is just too darn expensive. Coke .... Shell, RFM, CFC, Ayala, Toyota they all thought about it and just decided to walk away.

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http://www.interaksyon.com/interaktv/endangered-powerade-tigers-coca-colas-pba-future-uncertain

Endangered Powerade Tigers? Coca-Cola’s PBA future uncertain
Rey Joble, InterAKTV · Monday, July 9, 2012 · 6:32 pm

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Have we seen the last of the Powerade Tigers, the basketball team of Coca-Cola in the PBA?

Even Tigers coach Bo Perasol doesn’t know what the future holds for the squad.

“It hasn’t been discussed yet,” Perasol told InterAKTV. “We would like to know what the management’s plans are. We would like to know whether or not there will still be a Powerade team in the PBA next season.”

Asuncion, according to Perasol, is currently in Mexico to meet officials of Coca-Cola FEMSA, which is in talks to buy Coca-Cola Bottlers Philippines Inc., which owns the Tigers.

Coke FEMSA has entered into a 12-month deal with the Atlanta-based Coca-Cola company to explore the possibility of acquiring Philippines unit last February.

Powerade had a magical Philippine Cup campaign, crashing the finals as an eighth-seed. But while the team was having its Cinderella run, the squad made several controversial player transactions.

InterAKTV reported last February that Coca-Cola’s PBA franchise had been offered for sale to San Miguel Corporation last November. Despite denials by Powerade management that a sale has been consummated, the Tigers decided to trade away several key players, including star rookie Marcio Lassiter and starting center Doug Kramer.

Asuncion remained firm that Powerade will stay in the PBA, shrugging off talks of sale of Coca-Cola’s PBA franchise.

But even Perasol, who has an offer to coach the Ateneo Blue Eagles in the UAAP next season, is not sure if the team will stay in the league.

PBA media bureau chief Willie Marcial told InterAKTV on Monday that the league has yet to receive notice that Cocke’s PBA franchise is up for sale.

“Wala namang notice, but they have to tell us beforehand if they will be staying in the PBA o ibebenta yung franchise. We assume that they’re staying because wala pa rin naman silang binibigay na notice,” Marcial said in a telephone interview.

One potential buyer of the squad is Mikee Romero, whose Global Port company has expressed interest in joining the PBA by either applying for an expansion squad or buying an existing franchise.
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sana expansion na lang ang pasukin ni Mr. Romero para mas maraming teams ang PBA.
 
http://www.interaksyon.com/interaktv/salud-says-romero-still-interested-in-pba-may-apply-formally-after-season

Salud says Romero still interested in PBA, may apply formally after season
Rey Joble, InterAKTV · Saturday, July 14, 2012 · 9:31 pm

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Mikee Romero still has not filed his application for a PBA franchise, but league commissioner Chito Salud said he still expects the businessman to come through on his promise to try to join the league.

“We expect Mikee to make a formal application right after the finals,” Salud told InterAKTV.

Romero had earlier held talks with the league about joining the PBA either through an expansion squad or by buying an existing franchise.

“A lot of good things have happened in the PBA recently. I believe this is the best time to join,” Romero told InterAKTV last month. “I hope the board will allow us to join and participate in the PBA starting September.”

But after saying that he will definitely file an application, the businessman still hasn’t submitted the pertinent paperwork to the league.

PBA media bureau chief Willie Marcial said the league has prepared a calendar for a 10-team or an 11-team cast for when Romero’s application pushes through.

Romero, whose Harbour Centre team established a dynasty in the PBL and whose Philippine Patriots team, which he co-owns with businessman Tony Boy Cojuangco, won the inaugural staging of the ASEAN Basketball League, has been knocking on the PBA door for quite some time now.

In 2009, Romero had an agreement with the Lina Group to purchase the Burger King franchise and was handed control of the PBA squad, but the deal fell through.

A year later, Harbour Centre also had a co-branding sponsorship deal with the cash-strapped Barako Bull franchise.
 
Former PBA chairman Lito Alvarez is back to represent the Air 21 Express in the league’s Board of Governors.

“Napakiusapan ako ni [Air 21 owner] Bert [Lina] kung puwede daw ay umupo ako sa board ng Air 21 since [erstwhile board representative] Sheila Lina will concentrate on another business,” said Alvarez.

Alvarez was chairman of the PBA from 2009 to 2010, before being appointed commissioner of the Bureau of Customs.

In just a few days at the helm, Alvarez has orchestrated a trade for the squad.

“Hindi ko pa ma-detalye yung trade, pero by next week baka matapos ko na ito,” said Alvarez.

A highly-place source with knowledge of the deal told InterAKTV that the multi-player trade had to be revised after one of the players originally involved in the transaction, Don Allado, earned a one-conference ban for his controversial comments on Twitter.

“Kasama sana si Don, pero dahil na-suspend nga siya, kinakailangan ayusin ulit yung trade,” said the source, who requested anonymity.

Warm welcome

Alvarez’s colleagues in the PBA board greeted his return warmly.

“I am looking forward to work with him in the board again,” said Robert Non, who represents Ginebra on the board as alternate governor.

Meralco representative Mon Segismundo also welcomed Alvarez’s return. “Lito brings a lot of PBA wisdom and experience,” he said.

B-MEG executive Rene Pardo, who succeeded Alvarez as chairman two years ago, said: “Lito Alvarez is always a pleasure to work with. He is a great negotiator and keeps our board meeting alive and never with a dull moment.”

Former Coca-Cola executive JB Baylon, who used to represent the Powerade Tigers on the PBA board, said the league will be well-served by Alvarez’s return.

“He’s the board’s peacemaker,” wrote Baylon in a text message. “He’s the consensus builder. I am happy he is back.”

Trading top players

But Alvarez’s reputation among fans is less than stellar. At the helm of the first Air 21 Express franchise, which has since been renamed Barako Bull, Alvarez oversaw the trades of the team’s top stars in exchange for little more than draft picks.

Under his watch, the franchise traded away top draftees such as Yancy de Ocampo (1st overall, 2002), Ren-Ren Ritualo (8th, 2002), Marc Pingris (3rd, 2004), Ranidel de Ocampo (4th, 2004), Jay Washington (1st, 2005), Mac Cardona (5th, 2005), KG Canaleta (6th, 2005), Arwind Santos (2nd, 2006), JC Intal (4th, 2007), Doug Kramer (5th, 2007), Yousif Aljamal (8th, 2007), Mark Borboran (6th, 2008), and Japeth Aguilar (1st, 2009).

Stars such as Gary David, Ronald Tubid, and Alex Cabagnot also found themselves being traded away by Air 21 after stints with the team.

In an interview with InterAKTV last January, one former coach of the franchise, Yeng Guiao, noted how difficult it was to work in that setup.

“Alam mo naman dati kung ano ang papel ko, hindi sa akin ang final decision,” said Guiao, referring to the Air 21 franchise’s penchant for trading marquee players. “Magugulat ka na lang may mga players ka before na nailipat na pala.”

http://www.interaksyon.com/interaktv/lito-alvarez-back-at-the-helm-of-air-21-trade-in-the-works
 
With Lito Alvarez around, it means happy days are here again for Air21. Even if they do not become a competitive team, big amounts of money comes their way...... "Money ....Money ..... Money"
 
nardy said:
Mikee's plans could get derailed again ....

Romero’s private port faces closure over coal stockpile http://www.businessmirror.com.ph/home/top-news/30076-romeros-private-port-faces-closure-over-coal-stockpile

no doubt he has the passion for basketball but does he have the financial strength to do it on the long run.
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as long as his port business remains. its giving him so much money that other businessmen and their pals in the govt and media are throwing dirt at his business and family.
 
neo said:
as long as his port business remains. its giving him so much money that other businessmen and their pals in the govt and media are throwing dirt at his business and family.
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if his port business is making so much money why then MVP left him on the air with regards to their supposed partnership that almost led to said business to collapse.
 
ariel_muhlach said:
if his port business is making so much money why then MVP left him on the air with regards to their supposed partnership that almost led to said business to collapse.
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The opportunity to acquire a majority stake in Meralco was just too good for MVP...
 
Jordan Bruiseter said:
The opportunity to acquire a majority stake in Meralco was just too good for MVP...
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I do not think the Meralco takeover has any effect on the planned Manila North Harbor joint venture but I am mistaken as neo is correct in saying that the said port business could really be making that much money. However it makes MVP one of those businessmen who you described as "throwing dirt" on the Romeros as he was not contented to be just a partner but is that greedy that he wants it all.

http://business.inquirer.net/52205/north-harbor-operator-to-put-up-new-terminal
 
acording to snow badua in his TV program PTV Sports, Mikee romero might buy the powerade franchise. BTW, is eala and badua are already in good terms?
 
hi guys.newbee here.i just hope romero is not another pseudo-sister team just like barako bull and air21 if you knpw what i mean ;)
 
iamstingray said:
hi guys.newbee here.i just hope romero is not another pseudo-sister team just like barako bull and air21 if you knpw what i mean ;)
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we can never tell but i can assure Mikee is a competitive person...I think he will not release guys who his efficient in his team that easily..
 
ariel_muhlach said:
if his port business is making so much money why then MVP left him on the air with regards to their supposed partnership that almost led to said business to collapse.
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I think we all know of MVP's preference to run the business on his own, or if not, he gets to operate it. The problem was Mikee Romero wanted to run Harbour Center as he used to do. MVP won't allow that to happen which is quite logical. MVP would put his money in a business where he'll have control operationally.

Which is the reason why Mikee Romero went to the next best person after MVP to help finance this project ---- Ramon Ang.
 
reamily said:
we can never tell but i can assure Mikee is a competitive person...I think he will not release guys who his efficient in his team that easily..
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No doubt Mikee's competitive. The question is...is he in control? He's obviously not the moneyman here if ever he gets to buy Powerade. At the end of the day, the power brokers will rule and have Mikee serve as rubber stamp for every consummated deal.
 
nardy said:
yup especially with the family core business being hit left and right ..... he could learn from Lito Alvarez how to get easy money via player trades.
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Believe it or not, Air 21 may have been the only team in the past 9 years since they joined the league in 2002 that has turned a tidy profit from their PBA experience. That's right - they actually earned more revenue compared to their operating costs. How'd they do it? Governor Lito Alvarez would definitely know the answer...:)
 
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