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Manila Bulletin devider Sports devider Basketball devider PBA entertains feelers to Terrafirma franchise sale

PBA entertains feelers to Terrafirma franchise sale

Published Apr 25, 2025 06:44 am

At A Glance

  • Three companies emerged as potential buyers for the Terrafirma franchise after its initial agreement of purchase with shipping company Starhorse bogged down.

Three companies emerged as potential buyers for the Terrafirma franchise after its initial agreement of purchase with shipping company Starhorse bogged down.


PBA Images16 (47).jpg

Although the league has not disclosed the prospective buyers, PBA commissioner Willie Marcial said in a report they are already in talks with the interested companies.

Two of those have actually already submitted their Letters of Intent to the Commissioner’s Office.

With the league already talking to other interested parties, it only signified that the door has closed to Starhorse’s bid to acquire the Dyip franchisee and enter the big league after months of back-and-forth negotiations.

News of Dyip's franchise sale first broke last February with the shipping company reportedly already sending its Letter of Intent to the league office. The talks between the camps continued and they even already agreed to a sale lock, stock and barrel.

Starhorse, however, failed to comply with the requirements from the PBA board to formalize its acquisition of the Terrafirma franchise.

Furthermore, Starhorse, according to a source, also failed to comply on the terms of their separate negotiation with Terrafirma, prompting its governor Bobby Rosales to entirely cancel its purchase of the Dyip franchise.

 

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