2 PBA Teams For Sale| PBA news update today


Reports are rife that two PBA teams are now up for sale. The reason? The economic slowdown has made it difficult for the teams to manage their expenses. 

The two are said to be Blackwater and Phoenix. Blackwater owner Dioceldo Sy has himself confirmed Blackwater is facing financial difficulties. That is the reason they decided not to field a team in the PBA 3x3 tournament.

Phoenix on the other hand, has been the subject of sale talks for a while. The owner of Phoenix Petroleum, Dennis Uy, said he is willing to sell the company to pay debts.

if the two teams are sold, what will happen?

One possibility is other companies will buy them. In spite of the economic situation, many companies still want to join the PBA. They will be happy to buy either Phoenix or Blackwater at the right price.

The other is that no company buys them, and the PBA is reduced to 9 teams. That is not necessarily a bad thing, but many will be disappointed to see Phoenix go since it is an indepdent team.

Few will be disappointed to see Blackwater leave. Like TerraFirma and Northport, they are believed to be a farm team, trading players and picks to the MVP group, the same way Northport and TerraFirma do the same for SMC.

Let us hope that if these two teams are indeed for sale, companies that really want to compete and win will buy them. The worst thing that can happen is if two farm teams take their place.

Comments

Post a Comment

Popular posts from this blog

Rain or Shine Wants to Trade Belga. But Where and For Who? | PBA Trade Alert

Image
Even before the PBA bubble started, pretty much everyone knew that ROS wanted to trade Beau Belga, and Belga wanted out. To be more specific, Belga wants a max salary contract but ROS will not give it. His contract expires this year. ROS has the trade rights to Beau, so they can keep him. But why keep a player who does not want to be there? If ROS does not want to give him the max contract, they should trade him as soon as possible to get maximum value. NLEX tried to get Belga but ROS wanted Calvin Oftana in return, and naturally Guiao refused. ROS is asking too much for Beau. They need to accept less if they want him. But who can they send him to? A good choice would be SMB. The Beermen need a power forward or backup center for Fajardo or Santos. And Belga will fit the bill. Belga is not young but that is ok since SMB is always in a win now mode. And in return, SMB can ship Von Pessumal and a second round pick. ROS needs a scorer, and Von does exactly that, score. He can be a good bac...
Read more

Ginebra Planning to Get Parks and Wright | PBA trade news now

Image
Ginebra is already a favorite, but there are persistent rumors that the team wants to be even stronger by adding more players. Two names often linked to Ginebra are Bobby Ray Parks and Matthew Wright. Parks has made it clear he wants to play for Ginebra. But the situation he has found himself in makes trading him difficult. TNT owns his trade rights, and they wil not release him without a suitable replacement.  There is also the possibility that Parks might end up going overseas to play. He might follow the route of Thirdy Ravena and other players who decide to play elsewhere. The other name is Matthew Wright. There are reports Phoenix might be up for sale. Its owner Dennis Uy said he is willing to sell the company to pay debts, and the new owner might not be a big PBA fan. This uncertainy is the reason why Wright may want out. And what better place to go than the most popular team in the land? Of course it will depend on trade negotiations. But what is clear is that Ginebra is not...
Read more

Greg Slaughter to Return to Ginebra? | PBA Rumors

Image
With the uncertainty about Japeth Aguilar and Christian Standhardinger, is there a possibility that Greg Slaughter will return to Ginebra? Aguilar and Standhardinger have huge contract offers from Japan. If one or both of them accept it, that will leave Ginebra with a big problem, literally. They need someone who will man the middle.  Could Slaughter be the answer? While Christian has struggled with the triangle offense of Cone, Greg is familiar with it. The problem has always been he has never played well with Japeth.  But if Japeth accepts the offer from Japan, that could make things easier for Greg. But will Greg want to come back knowing Cone wanted to trade him for Christian? And what about Magnolia who needs Greg too? And it could be possible that Ginebra will want a younger big man like Troy Rike or James Laput, maybe even someone from the draft.
Read more