Inquirer
Terrafirma staying in PBA as sale talks with Valientes collapse
The Terrafirma Dyip will continue to participate in the PBA after negotiations for the sale of its franchise to the Zamboanga Valientes fell through.
PBA Commissioner Willie Marcial confirmed that the deal between Terrafirma and Valientes did not materialize, ensuring that the league will still have twelve teams for its 50th season.
Corporate Secretary Ogie Narvasa stated that the sale did not push through due to unmet terms and requirements by both parties, leading to a mutual decision to abandon the acquisition.
Following the failed sale, Terrafirma is now focused on strengthening its lineup for the upcoming PBA season.
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