Quantcast
Latest Stories
FOR MORE THAN P50M

Air21 acquires Barako franchise

By

Photo by Nuki Sabio, PBA

MANILA, Philippines—Count Air21 as another franchise now with at least two Philippine Basketball Association teams.

The Bert Lina-owned company recently struck a deal to purchase the disbanded Barako Bull franchise to the tune of “more than P50 million,” a knowledgeable source who requested not to be identified told the Philippine Daily Inquirer on Thursday.

“With this, the PBA will surely be back to its old 10-team roster next season,” the source said. “The deal has been signed more than a couple of weeks ago and it is for more than P50 million.”

With Air21 acquiring the Barako Bull franchise, businessman-sportsman Lina becomes the third owner—after Ramon Ang of San Miguel Corp. and Manny V. Pangilinan of the Philippine Long Distance Telephone Co.—to control more than one PBA squad.

San Miguel has the Petron Blaze Boosters, the Derby Ace Llamados and the crowd-darling Barangay Ginebra Gin Kings, while Pangilinan owns the Grand Slam-seeking Talk ‘N Text Tropang Texters and the Meralco B-Boys.

League commissioner Chito Salud denied any knowledge of the deal.

In a telephone interview with the Inquirer on Thursday, Salud said any supposed Air21 purchase would have to get the approval of the league’s board first.

Several companies were interested in acquiring the Barako Bull franchise, including Phoenix Petroleum, whose bid for PBA membership was shot down by the board in March after San Miguel Corp. decided to substitute Petron, which it controls, for San Miguel Beer.

If the amount of the purchase is true, Barako Bull made a killing out of it as Air21 practically inherited a very bare squad.

The Barako Bull franchise has had to “trade” its top players to the other financially stable teams in the past reportedly to make both ends meet.

Meanwhile, Meralco will also avail itself of the Talk ‘N Text clause on national team player-loans by fielding Asi Taulava for the duration of the Governors Cup that opens on Saturday in Tacloban City.

Coach Ryan Gregorio said the management and the coaching staff had no other recourse but to use Taulava after the team was hit by injuries to several key players, including star point guard Chris Ross who would be out for the duration of the tournament.

Kelly Williams and Jimmy Alapag will suit up for Talk ‘N Text, which will try to complete just the league’s fifth Grand Slam.

Although both players have also been loaned to the national team, they will play for Talk ‘N Text for the entire tournament.

The Governors Cup will end in late August, giving Taulava, Alapag and Williams enough time to join the Philippine team that will try to qualify for the London Olympics via the Fiba-Asia tournament in Wuhan, China, in the middle of September.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.


Tags: Air21 , Basketball , Philippine Basketball Association , Sports



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement

News

  • Initial batch of Etihad passengers tested negative for MERS-CoV
  • Cagayan mayor shot during flag-raising ceremony
  • Malaysia, Flight 370 relatives talk financial help
  • Celebrating Easter and creativity in New York
  • Man wins half marathon, dies in Argentina
  • Sports

  • Reigning champs Miami open playoffs with win
  • Spurs subdue Mavericks in playoff opener
  • Wawrinka beats Federer to win Monte Carlo Masters
  • Ageless Hopkins pitches 50-50 Mayweather deal
  • Goodbye MGM, Las Vegas for Pacquiao?
  • Lifestyle

  • Miss America: Don’t suspend teen over prom invite
  • Transitions and resurrection in the performing arts
  • ‘Archaeology tour’ of Cebu’s heritage of faith
  • Historic Fort Bonifacio tunnel converted into a septic tank
  • ‘Imports’ from London, and play of the year
  • Entertainment

  • ‘Captain America’ stays strong atop US box office
  • Easter musings
  • Solenn in shorts
  • Unmerry mix of attention-calling moves on ‘Mini-Me’ TV tilts
  • Persistence pays off for The 1975
  • Business

  • BDO seen keen on bidding for Cocobank
  • Bataan freeport investment pledges up 1,302%
  • Golden Week
  • Bourse to woo Cebu stock mart investors
  • Supper power
  • Technology

  • Nintendo’s trailblazing Game Boy marks 25th anniversary
  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Opinion

  • Gigi’s home
  • Palace stonewalls on MRT inquiry
  • Couple of things too
  • There is plenty of water behind Wawa Dam
  • Triduum thoughts of a young boy
  • Global Nation

  • Obama on mission to quiet Asia skeptics
  • Search for Etihad passengers launched
  • Japan presents $57-B ‘dream plan’ to solve Metro congestion
  • Tim Tebow’s charity hospital in Davao seen to open in 7 months
  • OFW died of Mers-CoV in Saudi Arabia, says family
  • Marketplace