Inquirer
Pureblends just a pen stroke away from letting squad loose on PBA
The Philippine Basketball Association (PBA) is nearing the finalization of the sale of the NorthPort franchise to Pureblends Corporation, with Commissioner Willie Marcial confirming the deal is almost complete.
The transaction, reportedly valued at P90 million, only requires the resolution of some financial details and the submission of the deed of sale to the league.
Pureblends, which is expected to use a brand bearing the 'Titan' name, is confirmed to be participating in the PBA's 50th season beginning October 5.
The incoming ownership has already begun involving itself in the team's management, with owner Bryan Calantoc attending recent tuneup games.
Johnedel Cardel has been appointed as the team's head coach by the new owners.
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