BOARD TO TAKE SECOND LOOK AT CONCESSIONS
Statement of Comm. Chito Salud:
I am happy to report that the PBA Board of Governors approved the membership application of the following companies: Metro Pacific Investments, Corp. , Columbian Autocar Corp. , and Ever Bilena Cosmetics, Inc.
This marks an important milestone in PBA history as the entry of these three companies brings PBA membership to an all time high of 13.
I am elated and excited with this development for our fans, our current and future players, coaches and their staff, businesses related to PBA and basketball as a sport in our country.
I think it would be remiss of me not to take advantage of this auspicious occasion to remind and reinforce to the new members and indeed to our entire PBA family what made this possible: our fans. We exist for our fans and for so long as we embrace the principle that fan and public interest is paramount, that playing in the PBA is both a privilege and a responsibility, our fans will reward us no end toward unimaginable heights.
The challenge before us in the Office of the Commissioner and the Board of Governors is how to address the formation of the lineups of the different applicants. While initial concessions had been granted, the Board of Governors has agreed to take a second look at these preliminary concessions for the purpose of giving the three expansion teams the opportunity to have a competitive lineup.
This matter shall be discussed on April 24 during the Board’s next regular meeting.
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