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kerouac822
Guest
Didn't Romero approach Henry Sy at all? They have quite a long partnership, both being co-investors at NU.
Didn't Romero approach Henry Sy at all? They have quite a long partnership, both being co-investors at NU.
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Jay P. Mercado2
Guest
If ever he did, I don't think Sy would have agreed. It's not his line of business and besides, Sy isn't also known to do joint ventures (JV) with others. He has the resources to do things his own so why partner with someone else? And since this isn't really his cup of tea (retail and real estate are), it wasn't worth the endeavor.
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kerouac822
Guest
Was thinking that Henry Sy might be interested in a Harbor Square-type urban re-development project in the Bay Area. Dunno how that would work out, but still somewhat within the scope of real estate. Then again, Romero's resources are indeed peanuts compared to SMDC's.
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startupsold2
Guest
I don't think Mr. Romero is in the same class as SMC conglomerate and PLDT group or even Fred Uytengsu. Mikee's 2010 estimated net worth $130 Million http://www.philstar.com/Article.aspx?articleId=596606 compared to SMC's and PLDT's ($7 billion) market capitalization.
http://sports.inquirer.net/inquirer...ew/20090114-183226/Mikees-role-in-Burger-King
(“The net worth of Harbor Center is P3.5 billion and the net worth of R-II Builders is P2.5 billion.” His eldest son Dr. Mikee Romero is boss of Harbor Center and is also now the largest collector of Fernando Amorsolo paintings in the Philippines. When asked about critics’ charges of his alleged “midnight dealings” and other irregularities, the elder Romero denied any wrongdoing and decried another rival port operator’s “black propaganda.” He added: “Please write in your Philippine STAR columns that more port operators should be welcomed to the Philippines, because more competition will mean lower costs and better efficiency for a better Philippine economy.” The elder Romero said he loves BMW motorcycles and his new blue Maserati sports car.)
He could be our version of Memphis Grizzlies prospective buyer Robert Pera worth $800 million
who David Stern said has a 'few dollars' (Silicon Valley billionaire -NASDAQ: UBNT)
http://aol.sportingnews.com/nba/sto...t-pera-michael-heisley-david-stern-price-cost
http://sports.inquirer.net/inquirer...ew/20090114-183226/Mikees-role-in-Burger-King
(“The net worth of Harbor Center is P3.5 billion and the net worth of R-II Builders is P2.5 billion.” His eldest son Dr. Mikee Romero is boss of Harbor Center and is also now the largest collector of Fernando Amorsolo paintings in the Philippines. When asked about critics’ charges of his alleged “midnight dealings” and other irregularities, the elder Romero denied any wrongdoing and decried another rival port operator’s “black propaganda.” He added: “Please write in your Philippine STAR columns that more port operators should be welcomed to the Philippines, because more competition will mean lower costs and better efficiency for a better Philippine economy.” The elder Romero said he loves BMW motorcycles and his new blue Maserati sports car.)
He could be our version of Memphis Grizzlies prospective buyer Robert Pera worth $800 million
who David Stern said has a 'few dollars' (Silicon Valley billionaire -NASDAQ: UBNT)
http://aol.sportingnews.com/nba/sto...t-pera-michael-heisley-david-stern-price-cost
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startupsold2
Guest
In the NBA, being in a large financial market (Los Angeles, New york, Chicago, Miami) makes the team acquire multiple all stars because these teams are more than likely turn a profit compared to 'small market teams' , it doesn't really make a difference if the owners such as Jerry Buss-$600M (Lakers) James Dolan-$494 million (Knicks) aren't as wealthy as the others because their teams have billion-dollar television deals.
As oppose to billionaire owners -Mark Cuban-$2.3B (Dallas), Paul Allen-$14B (Portland) who owns smaller market teams, and are less likely to spend over the cap and pay the luxury tax.
Heck! PBA should adapt the luxury tax policy from the NBA.
As oppose to billionaire owners -Mark Cuban-$2.3B (Dallas), Paul Allen-$14B (Portland) who owns smaller market teams, and are less likely to spend over the cap and pay the luxury tax.
Heck! PBA should adapt the luxury tax policy from the NBA.
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Coke_Hero2
Guest
From Snow Badua's Tweets:
Taga-Kalookan = Maliksi (?); The other guy I know from Kalookan si Bonbon Custodio. Mind guessing the other ones?
Taga-Kalookan = Maliksi (?); The other guy I know from Kalookan si Bonbon Custodio. Mind guessing the other ones?
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Silent Killer2
Guest
one from Cebu? Rob Labagala
looks like Kobe? Kg Canaleta
Pogi? Dylan Ababou? rico Maierhoffer?
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Coke_Hero2
Guest
I'd say the Pogi might be Rico V. I really don't know why they'd trade Allein and Dylan if they're banking on them to be the next go-to guys. Snow did say na "pwedeng malipat", meaning they'd be coming into the BGK fold. So, are there other guys from Caloocan?
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lovejones2
Guest
I think boy pogi is John Wilson
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Coke_Hero2
Guest
yeah, he's been a headcase after taking the reins from Ronald Tubid. I'm good with taking out Labagala, Wilson, and Canaleta, but why add Maliksi? Plus, who do they plan to get in return? Sensing that they'd offer all three to FINALLY get Jvee
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durden_tyler2
Guest
Sultan 900 acquires Powerade Tigers according to a tweet. Welcome to the PBA...
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Cryotek2
Guest
So Romero is now officially has a team in the PBA!
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Jay P. Mercado2
Guest
Not surprising really. The PBA tried to ward off speculation of a team selling its franchise by comng up with a tall tale of Mikee Romero intending to become the league's 11th franchise. There's absolutely no way for the PBA to open its door to a 11th team. It will dilute the market share from 1/10 to 1/11 and will not be good for the existing PBA teams. Similarly, if ever they do open their minds to it, it won't be for an 11th team but for two teams to make an even numbered 12.
Now the bigger question and let me bring this up once more: how will Mikee Romero run a PBA team when he doesn't have the money to run a team? Or is there a hidden hand that makes Romero a puppet and merely a figurehead here? That this hidden hand is actually the chief financier of the franchise? We'll find out how the trade deals go. But let me be blunt - Romero and MVP had a falling out with the Burger King franchise before so count out MVP as your possible suspect. Let's just say that there's absolutely no way for Romero to afford running a PBA team. Heck, he can't even afford to run his own ABL team without getting corporate sponsors from Tonyboy Cojuangco.
Oops, did I just give the connection?
Now the bigger question and let me bring this up once more: how will Mikee Romero run a PBA team when he doesn't have the money to run a team? Or is there a hidden hand that makes Romero a puppet and merely a figurehead here? That this hidden hand is actually the chief financier of the franchise? We'll find out how the trade deals go. But let me be blunt - Romero and MVP had a falling out with the Burger King franchise before so count out MVP as your possible suspect. Let's just say that there's absolutely no way for Romero to afford running a PBA team. Heck, he can't even afford to run his own ABL team without getting corporate sponsors from Tonyboy Cojuangco.
Oops, did I just give the connection?
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Cryotek2
Guest
Not surprising really. The PBA tried to ward off speculation of a team selling its franchise by comng up with a tall tale of Mikee Romero intending to become the league's 11th franchise. There's absolutely no way for the PBA to open its door to a 11th team. It will dilute the market share from 1/10 to 1/11 and will not be good for the existing PBA teams. Similarly, if ever they do open their minds to it, it won't be for an 11th team but for two teams to make an even numbered 12.
Now the bigger question and let me bring this up once more: how will Mikee Romero run a PBA team when he doesn't have the money to run a team? Or is there a hidden hand that makes Romero a puppet and merely a figurehead here? That this hidden hand is actually the chief financier of the franchise? We'll find out how the trade deals go. But let me be blunt - Romero and MVP had a falling out with the Burger King franchise before so count out MVP as your possible suspect. Let's just say that there's absolutely no way for Romero to afford running a PBA team. Heck, he can't even afford to run his own ABL team without getting corporate sponsors from Tonyboy Cojuangco.
Oops, did I just give the connection?
Oh my goodness, this will be another farm team of SMC.
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nardy2
Guest
Not surprising really. The PBA tried to ward off speculation of a team selling its franchise by comng up with a tall tale of Mikee Romero intending to become the league's 11th franchise. There's absolutely no way for the PBA to open its door to a 11th team. It will dilute the market share from 1/10 to 1/11 and will not be good for the existing PBA teams. Similarly, if ever they do open their minds to it, it won't be for an 11th team but for two teams to make an even numbered 12.
Now the bigger question and let me bring this up once more: how will Mikee Romero run a PBA team when he doesn't have the money to run a team? Or is there a hidden hand that makes Romero a puppet and merely a figurehead here? That this hidden hand is actually the chief financier of the franchise? We'll find out how the trade deals go. But let me be blunt - Romero and MVP had a falling out with the Burger King franchise before so count out MVP as your possible suspect. Let's just say that there's absolutely no way for Romero to afford running a PBA team. Heck, he can't even afford to run his own ABL team without getting corporate sponsors from Tonyboy Cojuangco.
Oops, did I just give the connection?
could be a work around in order there is no "legal" violation on the rights of first refusal that SMC has on the Coca-cola franchise, the set-up could somewhat mirror the initial arrangement Mikee Romero had with Burger King. Wherein Mikee manages the basketball operation of the team with the funding not really solely his. If they allowed it before in Burger King why would they not allow it now, so everything here are all within the bounds.
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Jay P. Mercado2
Guest
Absolutely. All above board. Just like how Barako Bull has somehow become a pseudo-sister team of the SMC Group serving as their chief conduit for major trades while ensuring employment for some of their loyal employees (Danny Seigle, Willie Miller, Mick Pennisi, etc). And yes, it's a simple and practical way of going around the legalities of SMC's "right of first refusal" bid for Powerade's franchise. We never heard the SMC Group dropping such rights so how come Mikee's group came about to "snatch" this right from the SMC Group?
Or was it a legitimate "steal?"
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nardy2
Guest
http://www.interaksyon.com/interaktv/furious-perasol-blasts-coca-cola-management-wala-silang-malasakit
Furious Perasol blasts Coca-Cola management: ‘Wala silang malasakit’
Rey Joble, InterAKTV · Monday, July 30, 2012 · 6:20 pm
Coca-Cola Bottlers Philippines, Inc. has sold its PBA team, the Powerade Tigers, to a firm headed by Mikee Romero.
The PBA said CCBPI informed the league on Wednesday that “it has finalized the sale and transfer of its Powerade Tigers team franchise to Sultan 900, Inc. which is owned and represented by its chairman and CEO Michael Romero.”
Under league rules, the sale needs to get the approval of a two-thirds vote by the PBA Board of Governors to be allowed.
Romero is a basketball buff who has bankrolled championship teams in the Philippine Basketball League and the ASEAN Basketball League.
Ironically, the Powerade Tigers are coming off a resurgent season highlighted by the team’s Cinderella run in the Philippine Cup.
Repeated denials
News of the transaction comes despite repeated denials from Powerade team executive Ronnie Asuncion about the squad being for sale.
An InterAKTV report earlier last February revealed that management has held talks to sell the franchise to San Miguel Corporation, but both parties said that the sale did not push through.
But speculation about the sale became rife after the team traded away some of its top players to other teams midway through the season. Star rookie Marcio Lassiter was shipped to the Petron Blaze Boosters along with veteran guard Celino Cruz, while starting center Doug Kramer was sent to Barako Bull.
Strong tradition
Romero, meanwhile, is seeking to bring his championship tradition to the PBA. His Harbour Centre/Oracle Residences franchise won seven titles in the PBL, while his AirAsia Philippine Patriots won the inaugural staging of the ABL in 2010.
Apart from basketball, the businessman is also involved in a number of other sports, serving as an official in national cycling and shooting federations.
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the PBA had no choice but approve the said sale because if they don't Coke more than capable of doing what Pilipinas Shell did which is walk-away from the League without making a sale as they would lose less by doing so rather than continue maintaining the team while waiting for a buyer that's suitable to the PBA but not within the Price they want. A big multinational corporation like Coca-Cola is too proud to have an entity like the PBA to dictate it how to conduct its own business.
Furious Perasol blasts Coca-Cola management: ‘Wala silang malasakit’
Rey Joble, InterAKTV · Monday, July 30, 2012 · 6:20 pm
Coca-Cola Bottlers Philippines, Inc. has sold its PBA team, the Powerade Tigers, to a firm headed by Mikee Romero.
The PBA said CCBPI informed the league on Wednesday that “it has finalized the sale and transfer of its Powerade Tigers team franchise to Sultan 900, Inc. which is owned and represented by its chairman and CEO Michael Romero.”
Under league rules, the sale needs to get the approval of a two-thirds vote by the PBA Board of Governors to be allowed.
Romero is a basketball buff who has bankrolled championship teams in the Philippine Basketball League and the ASEAN Basketball League.
Ironically, the Powerade Tigers are coming off a resurgent season highlighted by the team’s Cinderella run in the Philippine Cup.
Repeated denials
News of the transaction comes despite repeated denials from Powerade team executive Ronnie Asuncion about the squad being for sale.
An InterAKTV report earlier last February revealed that management has held talks to sell the franchise to San Miguel Corporation, but both parties said that the sale did not push through.
But speculation about the sale became rife after the team traded away some of its top players to other teams midway through the season. Star rookie Marcio Lassiter was shipped to the Petron Blaze Boosters along with veteran guard Celino Cruz, while starting center Doug Kramer was sent to Barako Bull.
Strong tradition
Romero, meanwhile, is seeking to bring his championship tradition to the PBA. His Harbour Centre/Oracle Residences franchise won seven titles in the PBL, while his AirAsia Philippine Patriots won the inaugural staging of the ABL in 2010.
Apart from basketball, the businessman is also involved in a number of other sports, serving as an official in national cycling and shooting federations.
xxxxxxxxxxxxxxxxxxxxxxxxxxxx
the PBA had no choice but approve the said sale because if they don't Coke more than capable of doing what Pilipinas Shell did which is walk-away from the League without making a sale as they would lose less by doing so rather than continue maintaining the team while waiting for a buyer that's suitable to the PBA but not within the Price they want. A big multinational corporation like Coca-Cola is too proud to have an entity like the PBA to dictate it how to conduct its own business.
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nardy2
Guest
by the way what is Sultan 900 ?
Romero group acquires MIC Holdings
By: Paolo G. Montecillo
Philippine Daily Inquirer
10:16 pm | Friday, August 5th, 2011
The group of businessman Reghis Romero II has completed its takeover of a dormant listed firm owned by President Aquino’s cousin, Antonio “Tonyboy” Cojuangco.
Sultan 900 Capital Inc., an investment company owned by Romero’s son, Michael, acquired a 95.2-percent stake in MIC Holdings Corp. from the Cojuangco group for P175 million or about P339 per share. This was a premium of 3.39 times over the par value of each stock.
The Romero group plans to use MIC as a vehicle to have its port development assets listed to attract new investors.
Right after the deal was completed, a special board of directors’ meeting was held, where the younger Romero, Richard Barclay and Deo Olvina were named new directors of MIC Holdings.
The younger Romero was also elected president and chair of the listed firm.
“The cross of shares was done after the SEC (Securities and Exchange Commission) and the PSE (Philippine Stock Exchange) approved the transaction,” Sultan said in a statement sent to reporters on Friday.
The Romero group, through unit Harbour Centre Port Terminal Inc., operates a 79-hectare cargo sea port at the Manila Harbour Centre in Manila’s port district.
Romero-led Manila North Harbour Port Inc. (MNHPI) also recently took over the Manila North Harbor in Tondo. MNHPI aims to transform the country’s largest but most inefficient domestic cargo and passenger terminal into a world-class facility.
The Romeros’ partner in North Harbor is conglomerate San Miguel Corp., which plans to put up a grains terminal and fuel depot at the facility.
San Miguel replaced infrastructure giant Metro Pacific Investments Corp., led by Manuel V. Pangilinan, which divested from the North Harbor project after failing to secure a controlling stake in the venture.
The Romero group has expressed interest in expanding its port operations locally and overseas. It also announced last year plans to hold an initial public offering (IPO), but the company dropped this plan due to the volatile market conditions at the time.
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for those thinking that Mikee Romero is going to be on the side of MVP, think again. You should have considered the fact that after his falling-out with MVP, he became close to Tony Boy Cojuangco as partners in Air Asia Philippines together with Maan Hontiveros. And Tony Boy is a nephew of ECJ.
on the political front MVP is a known supporter of Erap while the once strained relations between the family of PNoy and his uncle Danding are now ok. In the coming elections it would be the coalition led by PNoy's LP vs the coalition led by Erap's UNA.
So now its not only business .... politics is also involved.
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nardy2
Guest
http://www.interaksyon.com/interaktv/luigi-trillo-gets-new-two-year-deal-with-alaska-to-bring-in-top-assistants
Luigi Trillo gets new two-year deal with Alaska, to bring in top assistants
Rey Joble, InterAKTV · Monday, July 30, 2012 · 11:43 pm
The Alaska Aces have decided to stick with Luigi Trillo as coach of the team for the next two years, even while giving the young mentor the leeway to retool his coaching staff.
“I was given a two-year deal,” said Trillo. “There are some little changes in the contract, but it should all be good. I will need to interview for new assistants.”
The move comes even as the Aces performed poorly in Trillo’s first conference at the helm after replacing Joel Banal. Under the new coach, Alaska finished tied for last place in the Governors’ Cup.
Trillo said he will be adding a few new faces to his coaching staff. He has already secured commitments from top college coaches Louie Alas of Letran and Leo Austria to Adamson to join the Alaska braintrust, and is looking to add Alex Compton, a former Powerade assistant coach whose current status is up in the air after the sale of the Tigers’ franchise.
“These coaches have their own strengths. Louie is good as a defensive coach. Leo is a good situational coach while Compton, though he doesn’t have much experience in coaching, has a lot of potential as a skills coach,” said Trillo.
He added that he is also looking to hire a couple more people, such as former Alaska assistant coach Aric del Rosario, who currently coaches Perpetual Help, and former Powerade assistant coach Charles Tiu.
“Aric is a father figure. I want to bring in a younger coach, but Mr. Uytengsu told me to get somebody older, so I’m thinking of bringing Aric. Charles, on the other hand, is good at scouting, so I might find a place for him in the coaching staff,” said Trillo.
Alaska stumbled to one of its worst seasons in franchise history after the departure of longtime coach Tim Cone. But the futility would come with a reward: the second overall pick in the upcoming PBA draft.
“I’m excited to start the next few months to build our team,” said Trillo.
Luigi Trillo gets new two-year deal with Alaska, to bring in top assistants
Rey Joble, InterAKTV · Monday, July 30, 2012 · 11:43 pm
The Alaska Aces have decided to stick with Luigi Trillo as coach of the team for the next two years, even while giving the young mentor the leeway to retool his coaching staff.
“I was given a two-year deal,” said Trillo. “There are some little changes in the contract, but it should all be good. I will need to interview for new assistants.”
The move comes even as the Aces performed poorly in Trillo’s first conference at the helm after replacing Joel Banal. Under the new coach, Alaska finished tied for last place in the Governors’ Cup.
Trillo said he will be adding a few new faces to his coaching staff. He has already secured commitments from top college coaches Louie Alas of Letran and Leo Austria to Adamson to join the Alaska braintrust, and is looking to add Alex Compton, a former Powerade assistant coach whose current status is up in the air after the sale of the Tigers’ franchise.
“These coaches have their own strengths. Louie is good as a defensive coach. Leo is a good situational coach while Compton, though he doesn’t have much experience in coaching, has a lot of potential as a skills coach,” said Trillo.
He added that he is also looking to hire a couple more people, such as former Alaska assistant coach Aric del Rosario, who currently coaches Perpetual Help, and former Powerade assistant coach Charles Tiu.
“Aric is a father figure. I want to bring in a younger coach, but Mr. Uytengsu told me to get somebody older, so I’m thinking of bringing Aric. Charles, on the other hand, is good at scouting, so I might find a place for him in the coaching staff,” said Trillo.
Alaska stumbled to one of its worst seasons in franchise history after the departure of longtime coach Tim Cone. But the futility would come with a reward: the second overall pick in the upcoming PBA draft.
“I’m excited to start the next few months to build our team,” said Trillo.
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nardy2
Guest
Wow Luigi Trillo as Alaska Head Coach is putting-up a star-studded coaching staff with Louie Alas, Leo Austria, Aric del Rosario, Alex Compton and Charles Tiu.
However I feel having so many more established coaches as his assistants, Luigi is making himself a moving target as if I am Fred Uytengsu, I'll have no problem elevating anyone of them (maybe with the exception of Charles) in Luigi's place if trouble is in the air. Poor Joaqui as he'll have the unenviable task to fire his own son if ever Luigi fails to live-up to what Fred wants to achieve.
However I feel having so many more established coaches as his assistants, Luigi is making himself a moving target as if I am Fred Uytengsu, I'll have no problem elevating anyone of them (maybe with the exception of Charles) in Luigi's place if trouble is in the air. Poor Joaqui as he'll have the unenviable task to fire his own son if ever Luigi fails to live-up to what Fred wants to achieve.
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