Announcement

Collapse
No announcement yet.

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

Collapse
This is a sticky topic.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • any development on the PETRON-POWERADE trade?

    Comment


    • Allen Iverson has offers from Philippines?
      Find the Best Products To Upgrade Your Game. Get In-Depth Athletic Product Reviews & Information On How To Choose Equipment That Works For You.
      THE NEW SPORTANDO: BASKET RUMORS
      THE NEW SPORTANDO: NBA RUMORS
      THE NEW SPORTANDO: real time basket news from around the world!!

      Follow us on Facebook & Follow us on Twitter
      Basket Transactions

      Comment


      • Originally posted by digitalsuperman View Post
        oh yeah. i didn't get why they didn't allow meralco to do that.
        i believe red bull and welcoat were expansions teams hence they were allowed to bring amateurs with them without to the draft pick. that is not the case with meralco, they already have players from the slr franchise. and xpansion teams or not, red bull n welcoat have their amateur team and what they brought to the pba are their players from their pbl team.

        Comment


        • salud's post is still consistent with my assumption. plus it has been done before (pls refer to my previous post involving slr's franchise sale to meralco). so even if the policy is there, a team can still sell their franchise (at the least an agreement) before filing for approval. i remember that the news about powerade's supposed sale to smc has been circulating for sometime now but nobody raised a howl and no governor called for a special meeting on the supposed sale. it happened only when the other news came up, the trade between powerade and petron. the consummation of the sale can be vetoed but not a trade (if already been approved by the commish).

          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.
          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;

          Comment


          • Originally posted by l'emigrante View Post
            Allen Iverson has offers from Philippines?
            http://www.sportando.net/eng/world/a...n_iverson.html
            probably, one of SMC teams and MVP teams.
            Philippine Malditas to FIFA Womens World Cup 2023

            sigpic

            Comment


            • Coke, SMC workingout deal on franchise

              Originally posted by neo View Post
              salud's post is still consistent with my assumption. plus it has been done before (pls refer to my previous post involving slr's franchise sale to meralco). so even if the policy is there, a team can still sell their franchise (at the least an agreement) before filing for approval. i remember that the news about powerade's supposed sale to smc has been circulating for sometime now but nobody raised a howl and no governor called for a special meeting on the supposed sale. it happened only when the other news came up, the trade between powerade and petron. the consummation of the sale can be vetoed but not a trade (if already been approved by the commish).
              i wouldn't call it a "sale" if its not a complete sale. it clearly stated prior to deciding to consummate. and MOU is not a sale in my book.

              A portal of daily newspapers covering Philippine news headlines, business, lifestyle, advertisement, sports and entertainment. Also delivers Manila and Cebu news.


              MANILA, Philippines - Coca-Cola Bottlers Philippines Inc. president and chief executive officer William Schultz has confirmed they’re talking with San Miguel Corp. for the possible re-sale of the Coke franchise to the latter.

              Schultz, however, denied that the franchise has already been sold as reported by another paper.

              In a letter addressed to the PBA board of governors Monday, Schultz admitted he has met with the SMC management “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.”

              Schultz said SMC confirmed its interest in maintaining and securing the right of first refusal to buy back the franchise.

              The STAR has obtained a photo copy of Schultz letter to SMC president Ramon Ang, offering to sell the franchise for P100 million.

              The Coca-Cola top executive stressed, though, that nothing has been finalized and no sale has been concluded.

              Schultz also stated they will follow the proper process should they decide to consummate the franchise sale, first notifying and requesting approval from the PBA board.

              “Its franchise has not been sold and that the ownership, operation and management of the Powerade team remain intact under CCBPI control,” said PBA commissioner Chito Salud as told by Schultz in a meeting Monday.

              While issues have been clarified, Salud, however, still deferred acting on the proposed trade between Powerade and Petron until after the scheduled special board meeting on Monday.

              Powerade is dealing Marcio Lassiter to Petron for Noy Baclao and Rey Guevarra.

              Despite the clarification from Coca-Cola, Salud said they’re pushing through with their meeting Monday to give the governors the opportunity to ask further clarificatory questions.

              On a related matter, Coca-Cola named Ronald Asuncion as an alternate governor to the PBA board while keeping JB Baylon the governor.

              Schultz said Asuncion represents CCBPI on Monday’s meeting.

              Meanwhile, B-Meg and Barako Bull fight for the early solo lead at the resumption of the PBA Commissioner’s Cup at the Astrodome today.

              The two teams both got off to a winning start in the mid-season tourney that features imports of unlimited height with the Llamados outlasting the Meralco Bolts, 96-93, and the Energy routing the Alaska Milk Aces, 98-78, on opening day Friday.

              Meralco and Petron both try to rebound from a losing debut as they play in the day’s other game at 7:30 p.m.

              The Boosters bowed to the Ginebra Kings, 82-84, Sunday on Jayjay Helterbrand’s game-winning shot at the buzzer.
              The message you have entered is too short. Please lengthen your message to at least 5 characters.

              Comment


              • Coke admits talks with SMC for Powerade sale; Lassiter trade still pending

                Reynaldo Belen, InterAKTV · Tuesday, February 14, 2012 · 11:50 pm

                AKTV/Pranz Kaeno Billones



                While the Powerade Tigers still remain under the ownership and management of Coca-Cola Bottlers Philippines, Inc., the company has met with San Miguel Corporation to discuss sale of the basketball franchise to the conglomerate.


                In a statement released Tuesday, PBA commissioner Chito Salud said that CCBPI, in a letter to the league, wrote that SMC “confirmed its interest in maintaining and securing the right of first refusal to buy Powerade” even as “nothing has been finalized and no sale has been concluded.”


                Last week, InterAKTV obtained a document showing that CCBPI offered the franchise for sale to SMC last November.


                Reports of the sale have caused furor among fans and officials of other teams after Powerade submitted a proposal to the league to trade star rookie Marcio Lassiter to Petron, SMC’s flagship franchise, in exchange for Noy Baclao and Rey Guevarra.


                The timing was curious because the Tigers were coming off a Cinderella run in the Philippine Cup finals helped in large part by the performance of Lassiter, who emerged as one of the league’s best players, finishing third in the tournament’s statistical points race. While Baclao and Guevarra were top picks in the 2010 draft, they have been second stringers in the powerhouse Petron lineup, leading to questions about the implication of the sale reports on the trade.


                The PBA prohibits teams owned by the same company to trade with each other directly.


                In the letter to the PBA, CCBPI said 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.”


                But after CCBPI’s admission of talks between the company and SMC regarding the sale, PBA chairman Mamerto Mondragon, who represents Rain or Shine in the board, described the trade as inappropriate.


                “Of course it’s not appropriate. Let’s just say hindi pa sila nagkakabilihan, pero meron nang negotiations na baka presyo na lang ang pinag-uusapan. Then hindi maganda na may trade na mangyayari between them,” said Mondragon.


                Action deferred



                Salud, meanwhile, decided to defer action on the Lassiter trade until after the board holds its special meeting to discuss issues surrounding Powerade on February 20. As commissioner, he has the power to veto or revise deals that he deems imbalanced.


                The decision to hold the trade, according to Salud, will give members of the board “the opportunity to ask further clarificatory questions regarding the CCBPI response.”


                The PBA board originally set a meeting last Friday to discuss the Powerade situation, but were unable to reach quorum. Representatives of Powerade as well as the three SMC teams — B-MEG, Barangay Ginebra, and Petron — were unable to show up for the meeting. Barako Bull’s board representative was also absent.


                Baylon still governor, but alternate appointed



                In its letter, CCBPI confirmed that JB Baylon remains Powerade’s representative to the PBA board. The company also announced the appointment of Ronald Asuncion as alternate governor.


                Baylon, who was instrumental in putting the core of the Tigers squad together, has been reticent toward media over the past couple of weeks, since talks of the Powerade sale and the Lassiter trade erupted. Baylon is Director for Public Affairs and Communications of the Coca-Cola Export Corporation, the Philippine branch office of the Coca-Cola Company, and a separate entity from CCBPI.


                Curiously, CCBPI’s letter to the PBA indicated that Asuncion, and not Baylon, will be representing Powerade in the February 20 meeting.
                LABAN KUNG LABAN! KAYA NATIN PILIPINAS!
                Mabuhay ang TEAM PILIPINAS !!!!


                NOTHING IS IMPOSSIBLE!
                THE DREAM LIVES ON !!!!

                Comment


                • Originally posted by digitalsuperman View Post
                  i wouldn't call it a "sale" if its not a complete sale. it clearly stated prior to deciding to consummate. and MOU is not a sale in my book.
                  then its a question of operational definition. but just the same, i want to be clarified on d article i posted previously on the slr's franchise sale to meralco as it seems that on that particular case, meralco bought the franchise (paid slr) already prior to board approval.

                  Comment


                  • Originally posted by neo View Post
                    then its a question of operational definition. but just the same, i want to be clarified on d article i posted previously on the slr's franchise sale to meralco as it seems that on that particular case, meralco bought the franchise (paid slr) already prior to board approval.
                    i don't think its legal. do you have any proof or perhaps a news article that meralco bought(paid in full) the franchise before slr sought approval of the board?
                    The message you have entered is too short. Please lengthen your message to at least 5 characters.

                    Comment


                    • Originally posted by digitalsuperman View Post
                      i don't think its legal. do you have any proof or perhaps a news article that meralco bought(paid in full) the franchise before slr sought approval of the board?
                      http://insidesports.ph/basketball/st...ld-to-meralco/

                      STA LUCIA REALTY FRANCHISE SOLD TO MERALCO

                      Posted on 25 July 2010


                      An economic crunch and the fact that its real estate business doesn’t fit into the marketing possibilities associated with the professional basketball league - the PBA – Sta Lucia Realty has sold its franchise to Meralco which will join the pro league in its new 2010-2011 season.


                      Negotiations between the two parties have been going on for some time now and Insidesports.ph, Standard Today and Viva Sports learned that the deal was consummated last Friday evening and the final installment paid to the Realtors owners headed by Exequiel Robles.


                      Sta Lucia had remained in the PBA since 1993 when Robles and team manager and former PBA chairman Buddy Encarnado who are both passionate followers of basketball and players themselves acquired the franchise from Universal Robina Corporation, one of the founding members of the PBA in 1993. UFC had won six PBA championships with Great Taste Coffee strining together four championhips in an unprecedented run and Presto Tivol Ice Cream.


                      Sta. Lucia’s contribution to basketball dates back to the the 1980’s in the Philippine Basketball League where gangling center Marlou Aquino was one of their stars and still remains with the Sta Lucia squad coached by Boyet Fernandez.

                      Sta Lucia’s last championship, its second in the PBA, was when the team won the 2007 Philippine Cup beating the fancied Purefoods Tender Juicy Giants in a seven game series in which Dennis Espino was named Finals MVP andhigh-flying Kelly Williams emerged as the league’s Most Valuable Player.


                      It soon became apparent that Sta Lucia was trading its key players because of financial problems in maintaining a top-class competitive team and rather than tarnish its reputation as a leading PBA ballclub the owners decided to sell its franchise with Meralco a ready and willing buyer.

                      The agreement between Meralco and Sta Lucia Realty will have to be formally submitted to the PBA board of governors which is almost certain to approve it.


                      Meralco has been described as a team with “pedigree” and is expected to fire the imagination of basketball fans as the hardcourt rivalry between teams owned by San Miguel Corporation and businessman-sportsman Manny Pangilinan continues with San Miguel Beer and Talk N’ Text, both semi finalists in the on-going conference gearing for a championship showdown provided they can get past Derby Ace and the Alaska Aces.


                      One other problem confronting the PBA is the status of Barako Bull whose financial problems have also borne down on its ability to maintain even the semblance of a competitive squad although the coach and their players continue to give it their best shot.


                      xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxx

                      Reality is that in Business even in basketball not everything that is happening is legal and not everything is divulge in public.
                      Just watch the on-going Impeachment Proceedings where everyone there is actually no saint.
                      LABAN KUNG LABAN! KAYA NATIN PILIPINAS!
                      Mabuhay ang TEAM PILIPINAS !!!!


                      NOTHING IS IMPOSSIBLE!
                      THE DREAM LIVES ON !!!!

                      Comment


                      • Originally posted by hooksindo
                        How do I buy tickets to a Philippine Basketball Association (PBA) game in Araneta Coliseum in Cubao Philippines.
                        You can buy either at the counters of the SMART-Araneta Coliseum Ticket Center (tel# 911-3101), the PBA Office in Libis (tel# 4703258 to 59) or at TicketNet (tel# 911-5555). Also check the Ticketing Counters at the ShoeMart Department Stores and HyperMarts.
                        LABAN KUNG LABAN! KAYA NATIN PILIPINAS!
                        Mabuhay ang TEAM PILIPINAS !!!!


                        NOTHING IS IMPOSSIBLE!
                        THE DREAM LIVES ON !!!!

                        Comment


                        • Originally posted by nardy View Post
                          http://insidesports.ph/basketball/st...ld-to-meralco/

                          STA LUCIA REALTY FRANCHISE SOLD TO MERALCO

                          Posted on 25 July 2010


                          An economic crunch and the fact that its real estate business doesn’t fit into the marketing possibilities associated with the professional basketball league - the PBA – Sta Lucia Realty has sold its franchise to Meralco which will join the pro league in its new 2010-2011 season.


                          Negotiations between the two parties have been going on for some time now and Insidesports.ph, Standard Today and Viva Sports learned that the deal was consummated last Friday evening and the final installment paid to the Realtors owners headed by Exequiel Robles.


                          Sta Lucia had remained in the PBA since 1993 when Robles and team manager and former PBA chairman Buddy Encarnado who are both passionate followers of basketball and players themselves acquired the franchise from Universal Robina Corporation, one of the founding members of the PBA in 1993. UFC had won six PBA championships with Great Taste Coffee strining together four championhips in an unprecedented run and Presto Tivol Ice Cream.


                          Sta. Lucia’s contribution to basketball dates back to the the 1980’s in the Philippine Basketball League where gangling center Marlou Aquino was one of their stars and still remains with the Sta Lucia squad coached by Boyet Fernandez.

                          Sta Lucia’s last championship, its second in the PBA, was when the team won the 2007 Philippine Cup beating the fancied Purefoods Tender Juicy Giants in a seven game series in which Dennis Espino was named Finals MVP andhigh-flying Kelly Williams emerged as the league’s Most Valuable Player.


                          It soon became apparent that Sta Lucia was trading its key players because of financial problems in maintaining a top-class competitive team and rather than tarnish its reputation as a leading PBA ballclub the owners decided to sell its franchise with Meralco a ready and willing buyer.

                          The agreement between Meralco and Sta Lucia Realty will have to be formally submitted to the PBA board of governors which is almost certain to approve it.


                          Meralco has been described as a team with “pedigree” and is expected to fire the imagination of basketball fans as the hardcourt rivalry between teams owned by San Miguel Corporation and businessman-sportsman Manny Pangilinan continues with San Miguel Beer and Talk N’ Text, both semi finalists in the on-going conference gearing for a championship showdown provided they can get past Derby Ace and the Alaska Aces.


                          One other problem confronting the PBA is the status of Barako Bull whose financial problems have also borne down on its ability to maintain even the semblance of a competitive squad although the coach and their players continue to give it their best shot.


                          xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxx

                          Reality is that in Business even in basketball not everything that is happening is legal and not everything is divulge in public.
                          Just watch the on-going Impeachment Proceedings where everyone there is actually no saint.

                          tnx sir nardy for finally clarifying it

                          Comment


                          • Originally posted by digitalsuperman View Post
                            i don't think its legal. do you have any proof or perhaps a news article that meralco bought(paid in full) the franchise before slr sought approval of the board?
                            pls refer to nardy's post above.

                            Comment


                            • Originally posted by neo View Post
                              pls refer to nardy's post above.
                              oh great.now im confused. why are they asking coke to seek pba board approval before consummating the sale when meralco and sta lucia consummated the deal even before it was raised to the board?
                              The message you have entered is too short. Please lengthen your message to at least 5 characters.

                              Comment


                              • Originally posted by digitalsuperman View Post
                                oh great.now im confused. why are they asking coke to seek pba board approval before consummating the sale when meralco and sta lucia consummated the deal even before it was raised to the board?

                                perhaps, there was unofficial caucus on its approval already (slr to meralco). if u read the previous article i posted, there was no meeting or deliberations anymore on the board, slr just said goodbye to the other governors and that was it.

                                on to the present, perhaps it because smc already has 3 teams so its need approval first even on the intent.

                                Comment

                                Working...
                                X

                                Debug Information