Sacramento Franchise Offered To MVP!

[Rudy_Fernandez]

Read it at the PBA thread.
________________________________________________________

At first, the text message hardly caught my attention.
“Do you know that MVP (Manny V. Pangilinan) is going into the NBA?” the message read.
I rubbed my eyes to see if I was reading the letters right.
“NBA? For TV5 or for IBC 13?” I texted back. To my knowledge, IBC is now MVP property, the reason why the PBA D-League is being aired in that channel.
“Are you trying to tell me that MVP wants to acquire the rights to the NBA telecast?”
I told him, in case he still didn’t know, that Solar Entertainment currently owns the telecast rights to the NBA games which are aired on Basketball TV and ABS-CBN’s Studio 23. I also told him that I had no idea when the contract will expire.
I didn’t know that MVP was interested in the NBA, but maybe he was planning to have the games on Channel 13 which, I heard, will be a sports and news channel.
* * *
The guy said he was not referring to the TV coverage of the world’s most popular basketball league.
“MVP is planning to buy into the franchise of the Sacramento Kings. There are other interested parties, but the Kings management decided to offer it first to a Filipino businessman because they know of the Filipinos’ passion for basketball. MVP is seriously interested in the offer,” he said.
Now he got my full attention. I was having dinner with my family at the time my source touched base, but I had to push my half-eaten meal aside to process the information I had just received.
“No kidding?” was all I could manage to say. It was too good to be true. “No fooling please, April Fool’s day is long over!”
* * *
I never got back to my unfinished meal. I got to work immediately to confirm the report I got from out of the blue.
From subsequent information I gathered, I found out that the Sacramento Kings representatives came to Manila recently, bringing with them a complete financial portfolio which they presented to MVP.
“The balance sheet and the cash flow looked good,” according to MVP’s financial advisers, the initial investment coming down to a ballpark figure of about $260 million, give or take a few millions.
And the ROI? “How great are the risks of going into the NBA business?” I asked.
My source, a sports VIP, said MVP could expect some gains.
“The Sacramento Kings franchise is a corporation and MVP will come in as a partner. He will of course aim for majority stakes,” said the sports VIP.
If ever the deal pushes through, this will be the first time that an NBA franchise will be owned by an Asian.
This may also be the first time that a Filipino player will don an NBA jersey
* * *
“Yes, indeed. If this deal pushes through, the Filipinos may see some of their wildest dreams coming true in this lifetime,” said the sports VIP.
As I write this, it is not far-fetched that MVP and his sports group may be animatedly discussing the possibilities. He could sit down with the Kings board to haggle for a Filipino assistant coach or for transfer of technology and a Filipino player or two in the team. After all, he owns it.
By now the Sacramento Kings representatives have returned to the California capital.
Logically, the next move would have to come from MVP’s group, I presume.
Perhaps MVP’s group will have to fly to Sacramento to inspect the assets.
A business lawyer told me that if and when MVP decides to buy into the NBA franchise, he will first have to sign a nondisclosure agreement, which means none of the parties can publicly disclose the contents of the sale—or whatever is unearthed during the due diligence.
MVP is expected to decide within the next two months.

-Beth Celis

http://www.inquirer.net/sports/artic...ed-to-MVP.html
________________________________________________________

Ms. Patricia Hizon tweet last Friday

@patriciahizon
Patricia Hizon
When you're an MVP.... You are KING!

________________________________________________________

WOW

If this ever pushed through, I can see some good Filipino talents taking the road of NBA.

[janerdelle]

this is a joke thread with a joke article..tapos na april fools day!!

[Rudy_Fernandez]

LOLzzz janerdelle

Believe it or not.

[oyen_invader]

Offer to buy Kings? Uh, not

In an article posted earlier today in The Philippine Star, a columnist reported that a Filipino businessman is talking with the Maloofs about purchasing the Kings. Two things immediately struck me as not quite legit: the supposed $250 million sales price and the fact the businessman's identity was not revealed. Then, two sources totally quashed the deal - a high-ranking NBA executive who said he had not heard anything about this and Kings co-owner Joe Maloof, who texted that the entire matter was "ridiculous."

As the April 14-15 Board of Governors meeting (and that April 18 deadline to file for relocation) approaches, it will only get crazier. The Anaheim Royals? Doesn't quite grab you like Sacramento Kings, does it?



************************

hoax dude..hoax.


http://blogs.sacbee.com/sports/kings...to-buy-ki.html

[LeBroom]

He can't afford it anyway.

[Rudy_Fernandez]

Hahaha okay. Posible nga hoax LOL.

Maybe MVP offered 250 M pesos not dollars LOLz.

[Max_Buwaya]

ano kaya ang kinatol ni beth celis at patricia hizon?

[seether05]

coachot twitter:

Ok kaya sa Sacramento? about 24 hours ago via TweetDeck

[seether05]

ano kaya ang kinatol ni beth celis at patricia hizon?

forget katol, someone should just tell them to shut up.

ronnathanielsz Ronnie Nathanielsz
@charlestiu I learned that nobody was supposed to talk about this offer but someone obviously gave Beth Celis the details.
10 minutes ago


charlestiu Charles Tiu Since ppl know about t already and its kinda on d news, yup its true, MVP was offered to buy the sacramento kings!
18 minutes ago

[gaLj]

^^
expect our Electricity bills to reach sky high!

P15 kilowatt guys ?

[westbound17]

Si Tyreke Evans na lang bilhin niya tapos insert sa Smart Gilas as a naturalized player.

[Rudy_Fernandez]

It's true according to Charles Tiu! haha

[oyen_invader]

It's true according to Chris Tiu! haha

chris tiu or charles tiu?

check your facts sir..

[Rudy_Fernandez]

^ hoax nga ba dude hoax? haha

Check your facts sir. ok?

[nick_28]

ayos ah........

so kanino ibibigay ang credit bilang first asian owner ng nba?

a filipino or an indonesian?

[gaLj]

LOL !

Ryan "MR. isolation" Gregorio as Headcoach
Noli " the ego" Ayala as GM
Plus some PBA players in the line-up.
-----
I highly doubt they can win more than 10 games in the NBA.
Hell ! PBA is not even par with NCAA division 2. Our locals can't even stop 6'4-6'6 foreign imports. What more in the higher level of competition.

[LeBroom]

LOL !

Ryan "MR. isolation" Gregorio as Headcoach
Noli " the ego" Ayala as GM
Plus some PBA players in the line-up.
-----
I highly doubt they can win more than 10 games in the NBA.
Hell ! PBA is not even par with NCAA division 2. Our locals can't even stop 6'4-6'6 foreign imports. What more in the higher level of competition.

Eh ikaw lang naman nagsasabi na PBA Players ang i-fifield ng "Sacramento Kings" if ever eh.

Even if MVP hypothetically buys the team, it doesn't mean that he's gonna put PBA Players on that Team. Swerte na nga kung may Pinoy na isama sa Training Camp, baka ganun lang mangyari.

If he's gonna buy that team, he's gonna want to put a competitive team on the floor. He still needs to earn money out of the team, after all the NBA is STILL a business. So you don't need to worry about seeing James Yap, Cardona and Canaleta out there.

[westbound17]

^

You forgot about Gerald Anderson sir...

[oyen_invader]

Tj, that's coz It's not d maloofs who're selling. It's d city of Sac & other NBA owners who sent a grp here & made d offer


-chot reyes's reply to tj manotoc via twitter

[LeBroom]

^

You forgot about Gerald Anderson sir...

But seriously speaking, he's got game. We'll see him in the PBA D-League next season, most probably. He pulled out this season.