PBA: Zamboanga Valientes involved in obtaining Terrafirma franchise

MANILA, Philippines–PBA commissioner Willie Marcial showed that the Zamboanga Valientes have been one in every of 3 teams that expressed pastime in purchasing the franchise of the Terrafirma Dyip.

Marcial mentioned the Valientes have already submitted a letter of intent to sign up for the league, even though the course they’ve taken will most likely pass during the means of in all probability taking up the Dyip’s lock, inventory and barrel.

READ: Three firms now loom as patrons of Terrafirma PBA franchise

“I’ve talked to [Valientes owner] Junnie Navarro regarding the requirement they need to submit and he said that he will take care of it after the elections,” Marcial instructed newshounds Wednesday all over the PBA Philippine Cup doubleheader at Philsports Arena in Pasig City.

The Valientes introduced remaining Monday that they’ve entered into talks with the Dyip, whose previous deal to promote the franchise to Starhorse slowed down because of its failure to put up positive necessities.

Navarro, his mom Cory and Trevor Crewe, a CEO of an organization named Crewe Sharp, additionally met Marcial and Terrafirma workforce governor Bobby Rosales all over a up to date assembly on the PBA administrative center in Libis.

READ: PBA says Terrafirma sale off after Starhorse fails to conform

Should Terrafirma and the Valientes come to phrases, the deal will nonetheless want the approval of the league’s Board of Governors with a minimum of a two-thirds vote.

Another Zamboanga-based team has additionally formalized its want to the league after the corporate that owns Family’s Brand Sardines and Master Sardines held discussions with Marcial all over remaining week’s out-of-town recreation in Zamboanga City.

Marcial, on the other hand, mentioned that Universal Canning Inc. isn’t some of the 3 firms which might be in search of to buy Terrafirma as it’s nonetheless exploring its choices that incorporates the in all probability of getting into as a diffusion ballclub.