PBA franchise takeover by Starhorse stalls; three new firms in talks
The potential takeover of Terrafirma's PBA franchise by Starhorse appears to have stalled due to the shipping company failing to meet certain requirements.
Three new companies are now in talks with the league as potential buyers for the Terrafirma franchise, following the failure of initial negotiations between Starhorse and Terrafirma.
Two of these interested parties have already submitted their Letters of Intent to PBA Commissioner Willie Marcial's office, signaling that discussions with Starhorse may be over.
A reliable source revealed that despite initial optimism about a full sale agreement in February, Starhorse failed to comply with the league’s requirements and separate negotiations with Terrafirma.
PBA remains silent on the matter but an announcement regarding the new potential buyers is expected soon.
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