Is The Phoenix PBA Team For Sale? | PBA News Update


Is Phoenix Petroleum going to be for sale? Or will they leave the PBA? This question is now being asked given the team's moves.

They traded Calvin Abueva after signing him to a new contract. They did the same thing with Vic Manuel. In the case of Vic, they traded him for a bench player in Sean Anthony. A good player, but a bench player unlike Manuel who is a starter.

Now why would Phoenix leave? If this is true, the most likely reason is financial. Companies have to spend hundreds of millions of pesos to maintain a PBA team. Phoenix owner Dennis Uy owns several companies, and most are in debt.

He is looking for investors, but the first thing investors will want is for the company to eliminate non essential expenses. And that likely includes a PBA team.

So if we see Phoenix trade Perkins or Wright or Banchero, then that is a sign that the team is indeed cost cutting. If that happens, either the team leaves or another company buys it.

if another company purchases Phoenix, hopefully it is a company that really wants to compete and win and not be a farm team.

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