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

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  • Originally posted by reamily View Post
    The issue is that Terrafirma and Blackwater are rotating on the top pick.. Converge did a blatant job tanking just to be able to best the two.. With two out, we expect Northport to be the odd one out.. if they replace terra and bw then they should be the next to be axed..Imagine this among the lower tier teams Northport Phoenix and ROS, they been able to go until final 4, converge as we knew has ambitions while terrafirma and blackwater seems to poise a major problem with the pba as for the last 9 years they become "saling pusa"
    And I'd like to thank Converge for doing that! At least Converge did that out of its desire to make its team more competitive which is what all teams in the PBA must be doing (I mean strive to make your own team stronger and not strive to make Ginebra or SMB team stronger).

    It would be ridiculous if either Terrafirma or Northport ends up with next season's No. 1 rookie draft knowing that either team would send that pick to an SMC team in a lop sided trade which of course is what most of us here detest.

    Speaking of tanking, I remember lolo Jawo's Ginebra team doing that in the 90's to get super rookie Marlou Aquino. Not too many people complained becoz Ginebra is a rock star among the PBA teams & lolo Jawo is a demi god in Philippine basketball.​
    "A king may move a man, a father may claim a son, but that man can also move himself, and only then does that man truly begin his own game. Remember that howsoever you are played or by whom, your soul is in your keeping alone, even though those who presume to play you be kings or men of power, when you stand before God, you cannot say, 'But I was told by others to do thus,' or that virtue was not convenient at the time. This will not suffice." - King Baldwin IV

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    • Originally posted by JAMSKIE View Post

      And I'd like to thank Converge for doing that! At least Converge did that out of its desire to make its team more competitive which is what all teams in the PBA must be doing (I mean strive to make your own team stronger and not strive to make Ginebra or SMB team stronger).

      It would be ridiculous if either Terrafirma or Northport ends up with next season's No. 1 rookie draft knowing that either team would send that pick to an SMC team in a lop sided trade which of course is what most of us here detest.

      Speaking of tanking, I remember lolo Jawo's Ginebra team doing that in the 90's to get super rookie Marlou Aquino. Not too many people complained becoz Ginebra is a rock star among the PBA teams & lolo Jawo is a demi god in Philippine basketball.​
      Marlou eventually became obsolete after 2-3 yrs once those fil-ams arrived, atleast BGSM was able to squeeze a championship out of that short window. BGSM also tanked the previous year for Dennis Espino but ended up with the 2nd pick instead (EJ Feihl over Duremdes and Cariaso)


      edit: I think having 8 teams back in the day resulted to parity since there are only a few roster spots available and only the best can stay in the league. Now with 12 teams, we have a number of players in teams rosters who have no business being part of the PBA.

      (it also helped that Danding had legal woes during the 90s and cant fully divulge funds to his basketball teams)
      Last edited by CoJ; 06-20-2024, 07:42 AM.

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      • Originally posted by IPC View Post

        The first question I'd want to answer is, how do they earn more money and/or generate a profit?
        feels like the league is just a legacy project for these billionaires, luckily its a convenient tax deductible so losses are minimized/eliminated.

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        • Originally posted by CoJ View Post

          feels like the league is just a legacy project for these billionaires, luckily its a convenient tax deductible so losses are minimized/eliminated.
          I really want to know how is it a good tax deduction to spend on teams. They should rather spend it on improving their business units to earn profit

          Comment


          • Originally posted by CoJ View Post

            feels like the league is just a legacy project for these billionaires, luckily its a convenient tax deductible so losses are minimized/eliminated.
            Can they really define it as a CSR and hence a tax deductible activity? Can they deduct 100% of the 1 billion in basketball expenses from their tax?

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            • Originally posted by Rds View Post

              Can they really define it as a CSR and hence a tax deductible activity? Can they deduct 100% of the 1 billion in basketball expenses from their tax?
              Filed under business expense/advertising expense

              This is one serious tax leakage to be honest

              Comment


              • Originally posted by CoJ View Post

                Filed under business expense/advertising expense

                This is one serious tax leakage to be honest
                Why would public utility companies like NLEX and Meralco want to advertise their product, as if the consumers have an alternative? LOLZ. the money spent maintaining a team is better off buying and financing more infrastructures to serve the people.

                Anyways...

                PBA is a money pit. The old rich realized this folly and decided that this is not a fruitful endeavor and just spend their money elsewhere where they can maybe turn a profit. That's why we dont have the smarter old rich families like the Razons, Elizaldes, Ayalas, Sorianos, Concepcions and even the traditional Chinese tycoons like the Gokongweis, Sys and Tans owning PBA teams anymore.

                The old MICAA was a millionaire's club in the truest sense of the word, back then, these like-minded sporty millionaires burn money just to one-up each other. It made its way to the PBA, when another millionaire family, the Puyats, wanted to control them. The rich boys dont want to be part of it and decided to breakaway and form another league, in the guise of full professional status, so that the BAP cannot touch them, when in fact, most of the MICAA players were full-time employees of their respective owners.

                PBA should re-examine its outdated model. It may work in the KBL, where companies that own the teams have global status, and Korea is 100x stronger economically than the PHL, but they are still limited on how much they can spend because most of them are publicly listed companies.

                PBA should emulate the B-League. where each franchise have multiple owners / share holders, much like the NBA, but still different because they still can enlist and secure financing though sponsorships like the club teams in Europe

                Comment


                • RSA mentioned it in an interview, he was deciding whether to spend money for charity or for the basketball teams. He was treating charity and "basketball expenses" the same...as tax deductions (while simultaneously providing goodwill). For business owners, you always want control over your money (tax deductibles) rather than give it outright to the government (tax payments).

                  He went on about how basketball brings joy to the people so he continued having the teams.

                  Just like in any monopolized market, when "profit" is not the overriding goal, efficiency and innovation takes a backseat.

                  Comment


                  • The PBA is like the Manila Yacht Club or Manila Golf. It's a small niche of rich guys who have something common.

                    There are a lot of super rich folks who don't bother to join these exclusive clubs even if they can easily afford to.

                    Comment


                    • that is why its really difficult to somehow convince the PBA to do a total reform because first and foremost even though its main purpose are for public consumption and intention, the bottomline, it's still a private money, there own finances they are spending.

                      the only public part of it is the player's license thru GAB, that's it.

                      who we are to advice of what they would do moving forward.

                      we could only spit it out our opinion thru this platform not on the conference room meeting.

                      Comment


                      • Originally posted by Dotch View Post

                        Why would public utility companies like NLEX and Meralco want to advertise their product, as if the consumers have an alternative? LOLZ. the money spent maintaining a team is better off buying and financing more infrastructures to serve the people.

                        Anyways...

                        PBA is a money pit. The old rich realized this folly and decided that this is not a fruitful endeavor and just spend their money elsewhere where they can maybe turn a profit. That's why we dont have the smarter old rich families like the Razons, Elizaldes, Ayalas, Sorianos, Concepcions and even the traditional Chinese tycoons like the Gokongweis, Sys and Tans owning PBA teams anymore.

                        The old MICAA was a millionaire's club in the truest sense of the word, back then, these like-minded sporty millionaires burn money just to one-up each other. It made its way to the PBA, when another millionaire family, the Puyats, wanted to control them. The rich boys dont want to be part of it and decided to breakaway and form another league, in the guise of full professional status, so that the BAP cannot touch them, when in fact, most of the MICAA players were full-time employees of their respective owners.

                        PBA should re-examine its outdated model. It may work in the KBL, where companies that own the teams have global status, and Korea is 100x stronger economically than the PHL, but they are still limited on how much they can spend because most of them are publicly listed companies.

                        PBA should emulate the B-League. where each franchise have multiple owners / share holders, much like the NBA, but still different because they still can enlist and secure financing though sponsorships like the club teams in Europe
                        I guess Meralco still advertises because of their public image as they are viewed their product as a burden to people. Every time they increase their rates it affects a lot of people negatively and they need to advertise to keep a good image. Companies need to have a good image for investors too. It

                        BLeague teams are corporations and I guess they work the same as PBA. PBA differs as they don't want a competitor to edge them out if they have similar product offerings which make sense. Many companies want to advertise in the PBA but are being limited or prevented as it is a competitor.

                        Comment


                        • Originally posted by Metta View Post
                          RSA mentioned it in an interview, he was deciding whether to spend money for charity or for the basketball teams. He was treating charity and "basketball expenses" the same...as tax deductions (while simultaneously providing goodwill). For business owners, you always want control over your money (tax deductibles) rather than give it outright to the government (tax payments).

                          He went on about how basketball brings joy to the people so he continued having the teams.

                          Just like in any monopolized market, when "profit" is not the overriding goal, efficiency and innovation takes a backseat.
                          I really want to know how much is the tax deduction if you spent 1 Billion on charity? 1 Billion also. I know it lowers the Net Income because when companies spend money they lower their net income hence lower the tax. Same thing happen if they spend that 1 billion on a personnel salary or crate a new business unit to hopefully increase their profit. Which makes more sense that giving it to charity for tax deduction
                          Last edited by zairex; 06-22-2024, 02:24 AM.

                          Comment


                          • Originally posted by zairex View Post

                            I really want to know how much is the tax deduction if you spent 1 Billion on charity, 1 Billion also. I know it lowers the Net Income because when companies spend money they lower their net income hence lower the tax. Same thing happen if they spend that 1 billion on a personnel salary or crate a new business unit to hopefully increase their profit. Which makes more sense that giving it to charity for tax deduction
                            Increased salary expenses and expanding does not guarantee increased profits, especially for mature businesses. Meanwhile, charity earns goodwill.

                            When it comes to tax laws, the internet is your friend. To put that supposed 1B into perspective, San Mig food and beverage alone had a 380B revenue last year.

                            Comment


                            • Originally posted by zairex View Post

                              I really want to know how much is the tax deduction if you spent 1 Billion on charity? 1 Billion also. I know it lowers the Net Income because when companies spend money they lower their net income hence lower the tax. Same thing happen if they spend that 1 billion on a personnel salary or crate a new business unit to hopefully increase their profit. Which makes more sense that giving it to charity for tax deduction
                              Entire 1B is off the books (refer to the NIRC of 1997 as amended)

                              subject to donor’s tax if it exceeds a particular threshold
                              Last edited by CoJ; 06-22-2024, 02:50 AM.

                              Comment


                              • Originally posted by Metta View Post

                                Increased salary expenses and expanding does not guarantee increased profits, especially for mature businesses. Meanwhile, charity earns goodwill.

                                When it comes to tax laws, the internet is your friend. To put that supposed 1B into perspective, San Mig food and beverage alone had a 380B revenue last year.
                                I agree spending on charity works is for goodwill just like my example on Meralco.

                                I know that corporations can deduct 5% only. So it's not a big benefit for companies to donate solely for tax deduction. I rather put that money on long-term savings similar to SSS WISP—so it's just for goodwill or maybe for political favors.

                                Comment

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