MANILA, Philippines — The deal to promote the Terrafirma PBA franchise to the Zamboanga Valientes is nearing completion with July 11 the deadline to settle the monetary phrases associated to the acquisition. The Valientes lately signed a Memorandum of Settlement with Terrafirma affirming their concurrence to finalize the transaction involving a reported cost of P100 million and a posting of a five-year P100 million money bond within the PBA’s favor.
Newly-elected Zamboanga Metropolis second district councilor Junnie Navarro is the Valientes frontman together with his mom Cory the proprietor of the Kings Group of Corporations engaged in microfinance, vogue retail, distribution, buying and selling, training and manpower providers. Rolando M. Navarro Sr. Basis, named after Junnie’s late father, is the arm that funds the Kings Group’s sports activities packages in basketball and boxing.
Navarro mentioned he’s in shut contact with PBA vice-chairman Alfrancis Chua in coordinating the sale. Helping Navarro in laying the groundwork to function the PBA crew is Manny Victorino, a household good friend and one of many league’s 50 Best. Victorino relies in New Jersey and mentioned he’ll assist out in forming a aggressive crew as an adviser.
Navarro goals to ascertain a Zamboanga legacy within the PBA. He’ll inherit Terrafirma gamers with present contracts and attain out to these whose rights are held by the crew. A precedence is to reel in Christian Standhardinger who performed six video games for Terrafirma within the Governors’ Cup this season, averaging 16.3 factors and eight.7 rebounds. Standhardinger, 35, skipped the Commissioner’s Cup and isn’t within the Terrafirma lineup for the Philippine Cup. Whereas his contract has expired, Standhardinger’s rights stay with Terrafirma.
Navarro hasn’t spoken with Standhardinger instantly however feelers have been despatched to convey him again to the fold. What makes the deal additional juicy is the brand new proprietor will acquire the primary total choose within the PBA draft on Sept. 7 as Terrafirma is predicted to complete final within the season standings. Among the many draft prospects are Quentin Millora-Brown, Rhenz Abando, Juan Gomez de Liaño, Will Gozum, Raven Gonzales, Joshua David, LJ Gonzales, Clint Escamis, Jason Brickman, CJ Lane, Kobe Paras and DJ Fenner.
