Terrafirma stays as talks of franchise sale with Valientes bogged down, says PBA
League commissioner Willie Marcial and corporate secretary Ogie Narvasa announced the development on Friday.
"Regarding doon sa Terrafirma-Valientes negotiation, nag-bog down. Hindi nag-materialize ang deal nung dalawa," Marcial said.
"Ang Terrafirma ay patuloy pa ring sasali sa atin. Twelve teams pa rin tayo sa 50th [season]."
TERRAFIRMA STAYS IN THE PBA
PBA Commissioner Willie Marcial and Corporate Secretary Ogie Narvasa said the talks between Terrafirma and Zamboanga Valientes bogged down and the Dyip will remain for the 50th season. @gmasportsph pic.twitter.com/768ea9UIE4 — JK Carandang (@jk_carandang) July 18, 2025
Last April, Valientes said a deal regarding the Terrafirma franchise acquisition was about to happen.
Months after, however, the agreement did not push through.
"Lumabas there were terms and requirements for both teams, hindi nag-meet," Narvasa said. "It's a mutual decision not to pursue the sale of the purchase."
The league said Terrafirma is now planning on retooling their lineup for the upcoming season.
"Nu'ng meeting, sinabi ni [Terrafirma] Governor Bobby [Rosales] na they have plans already. They have plans to beef up their lineup," Narvasa said.
The league added that Terrafirma, at the moment, is not for sale and no other franchises are looking for prospective buyers.
"May mga nagbigay sa akin ng intention na gusto sumali na international teams. Tingnan natin, pero nagbigay na ng letter of intent. Kung magkakasundo naman tayo, kung magkakasundo kami, baka sakali may guest team."
Valientes previously said owning a PBA team was part of their goal to showcase Zamboangueño talent.
The last time the PBA welcomed another company in the league was in 2022 when it took over the Alaska franchise.
—JKC, GMA Integrated News
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
GMA Network
5 days ago
- GMA Network
Terrafirma stays as talks of franchise sale with Valientes bogged down, says PBA
The Terrafirma Dyip will continue to play in the PBA after talks regarding the sale of its franchise to Zamboanga Valientes bogged down. League commissioner Willie Marcial and corporate secretary Ogie Narvasa announced the development on Friday. "Regarding doon sa Terrafirma-Valientes negotiation, nag-bog down. Hindi nag-materialize ang deal nung dalawa," Marcial said. "Ang Terrafirma ay patuloy pa ring sasali sa atin. Twelve teams pa rin tayo sa 50th [season]." TERRAFIRMA STAYS IN THE PBA PBA Commissioner Willie Marcial and Corporate Secretary Ogie Narvasa said the talks between Terrafirma and Zamboanga Valientes bogged down and the Dyip will remain for the 50th season. @gmasportsph — JK Carandang (@jk_carandang) July 18, 2025 Last April, Valientes said a deal regarding the Terrafirma franchise acquisition was about to happen. Months after, however, the agreement did not push through. "Lumabas there were terms and requirements for both teams, hindi nag-meet," Narvasa said. "It's a mutual decision not to pursue the sale of the purchase." The league said Terrafirma is now planning on retooling their lineup for the upcoming season. "Nu'ng meeting, sinabi ni [Terrafirma] Governor Bobby [Rosales] na they have plans already. They have plans to beef up their lineup," Narvasa said. The league added that Terrafirma, at the moment, is not for sale and no other franchises are looking for prospective buyers. "May mga nagbigay sa akin ng intention na gusto sumali na international teams. Tingnan natin, pero nagbigay na ng letter of intent. Kung magkakasundo naman tayo, kung magkakasundo kami, baka sakali may guest team." Valientes previously said owning a PBA team was part of their goal to showcase Zamboangueño talent. The last time the PBA welcomed another company in the league was in 2022 when it took over the Alaska franchise. —JKC, GMA Integrated News
GMA Network
15-07-2025
- GMA Network
PBA: Youthful Rain or Shine reloads with addition of veteran Stanley Pringle
Rain or Shine has injected a veteran guard into its youthful core, signing Stanley Pringle as the Elasto Painters look to break their title slump come next PBA Season 50. Rain or Shine announced Pringle's arrival on Tuesday with the former top overall pick and four-time PBA champion inking a two-year deal with the franchise. The 38-year-old guard previously suited up for Terrafirma following a five-year stint with Barangay Ginebra. Pringle now joins a youth-laden Rain or Shine bannered by Adrian Nocum, Gian Mamuyac, Anton Asistio, Andrei Caracut, Keith Datu, and Santi Santillan, who all played crucial roles in Rain or Shine's fourth semifinals appearance in a row. Rain or Shine's most recent semis stint saw them falling to perennial tormentor TNT during their Season 49 Philippine Cup playoffs duel, where the Elasto Painters bowed out of contention following a Game 6 loss. —JMB, GMA Integrated News
GMA Network
11-07-2025
- GMA Network
CJ Perez dedicates PBA Philippine Cup Finals stint to young dreamers
San Miguel's PBA Season 49 Philippine Cup finals run means more than basketball for CJ Perez. The flashy guard said he's dedicating his and his Beermen's return to the championship round to young basketball aspirants especially those who struggle to chase opportunities in Manila because of a lack of resources, like he once did. "Dine-dedicate ko 'tong finals na 'to para sa mga batang nangangarap kagaya ko, 'yung mga galing probinsya na mga takot pumunta dito sa Maynila kasi natatakot silang walang matirhan or hindi sila makuha," Perez said during the finals press conference on Friday. "'Yun 'yung isang inspiration ko na may mga players from other provinces na walang budget pumunta dito, hindi nila alam kung paano sila maguumpisa, 'yun 'yung isang inspiration ko." "I dedicate these finals to the kids who dream like me, those from the provinces that are scared to come here to Manila because they are scared that they won't have a place to live or that they wouldn't earn a spot... That's one of my inspirations, the players from other provinces who don't have the budget to come here, they don't know where to even start, that's one of my inspirations.] Perez is marching on to his fourth PBA finals and chasing a potential third title with the franchise. The former NCAA MVP first tasted a finals appearance back in the 2022 Philippine Cup, when the Beermen went all the way winning the title against, incidentally, TNT. In Season 48, they made the finals twice but had contrasting results after ruling the Commissioner's Cup against Magnolia and bowing to Meralco in the Philippine Cup finals that allowed the Bolts to capture their breakthrough crown in history. It was a tough ride for San Miguel in the ongoing Season 49 as they failed to make the Governors' Cup finals before missing the playoffs for the first time in 10 years in the Commissioner's Cup. But behind Perez and other core members of the Beermen, San Miguel is now back in familiar territory as they take on the Tropang 5G in the Philippine Cup finals. And just being on this big stage is already an honor for Perez, as he hopes to inspire the younger generation in their pursuit of a basketball dream. "Being in the finals and playing basketball, 'yung nilalaro mo 'yung mahal mo, it's an honor," the 31-year-old Perez said. [Being in the finals and playing basketball, playing the game you love, it's an honor.] —JMB, GMA Integrated News
