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  1. Join Date
    Nov 2002
    Posts
    1,326
    #1
    Meralco to acquire Sta. Lucia franchise

    http://www.manilastandardtoday.com/i...&d=2010/june/9



    Meralco to acquire Sta. Lucia franchise

    by Ronnie Nathanielsz

    THE Manila Electric Co. is in the final stages of negotiations to acquire the Sta. Lucia Realty franchise and will join the Philippine Basketball Association when the new season opens in October.

    An official announcement on the return of Meralco to the PBA, expected to give the pro league a shot-in-the arm in the wake of dwindling attendance and poor TV ratings, except when the more popular teams such as Barangay Ginebra, Purefoods and San Miguel Beer play are playing, is expected to be made before the ongoing Fiesta Conference semifinals..

    Sta. Lucia Realty team manager Buddy Encarnado, who has been one of the most passionate supporters of basketball for decades and was involved with the national team years ago, will remain with the sport, following plans to appoint him as Commissioner of the PBA’s planned Developmental League (D League).

    Meralco was one of the pioneers of the now defunct Manila Industrial and Commercial Athletic Association, which disbanded in 1975 after an exodus by team owners, who formed the PBA with the late Leo Prieto as its first Commissioner.

    The first public indication of Meralco’s interest to return to the PBA came after businessman-sportsman Manny Pangilinan acquired majority ownership of Meralco and its chairman Manuel Lopez told the company’s annual stockholders meeting that the country’s largest power distribution firm planned on forming a team that would compete in the pro league.

    “There are plans. We are negotiating to acquire a basketball team. It is in a delicate stage, it’s still in its very raw stage, but definitely there is interest,” Lopez was quoted as saying.

    That interest has apparently been given substance, with Meralco assuming the place of Sta. Lucia Realty and providing a touch of nostalgia and competitive spirit to the PBA.

    “There would be no pass through with the purchase of a basketball team, there would be no burden to the consumers. It will be absorbed by the shareholders,” Lopez added.

    The Meralco team was disbanded in 1971 after its players Robert Jaworski and Big Boy Reynoso mauled referees Dr. Ting Cruz and Jose Obias, alleging that they willfully disadvantaged Meralco and favored Crispa.

    Jaworski and Reynoso were banned for life but after some years the ban was lifted.
    MVP mentioned na shareholders ang sasalo ng pagbili... how about pag operate and maintain ng team?

    How do we ensure na talagang hindi ma pass on yung cost?

  2. Join Date
    Dec 2005
    Posts
    39,162
    #2

    ^^^ Iyan ang malaking katanungan.... Saan kayang item papasok ito?....

    10.1K:mop:

  3. Join Date
    Sep 2003
    Posts
    25,038
    #3
    They will pass it to the meralco customers as a "Systems Loss"...

  4. Join Date
    May 2006
    Posts
    6,940
    #4
    Hehe si Jawo nang gulpi ng ref, naalala ko yung liga dito sa barangay namin..

  5. Join Date
    Jul 2003
    Posts
    2,267
    #5
    I don't know what benefit will Meralco get from joining the PBA.

    On the other hand, I also am not sure they can increase attendance to PBA games.

  6. Join Date
    Aug 2004
    Posts
    22,705
    #6
    Meh.

    Compared to the millions spent each month on TV, newspaper and other advertising... the PBA isn't going to be such a big drain on Meralco's multi-billion peso operation.

    Ang pagbalik ng comeback...

  7. Join Date
    Jun 2007
    Posts
    814
    #7
    tsk tsk.. pass on to customers cost nyan. meralco pa. kesyo mataas daw bili ng kuryente nila etc etc

    anong tawag sa basketball players nila? meralco electricians? electricmen?

  8. Join Date
    Mar 2009
    Posts
    21,667
    #8
    ^^

    e-boys. :hysterical:

  9. Join Date
    Nov 2002
    Posts
    1,326
    #9
    Quote Originally Posted by niky View Post
    Meh.

    Compared to the millions spent each month on TV, newspaper and other advertising... the PBA isn't going to be such a big drain on Meralco's multi-billion peso operation.
    kaya nga eh.. they already spend on advertising and promotions.... may foundation pa nga (i wonder if it is meralco that's funding the foundation or benpres)... do they see a potential revenue source in PBA merchandise? revenue from share of gate receipts? will these revenue help in keeping the rate of return they seek for in such a way that their distribution costs can be kept down?

    prestige lang talaga?

  10. Join Date
    Aug 2008
    Posts
    1,099
    #10
    tama lang yan. sobra daming foreign investors want to take over meralco. chinese, japanese, american, korean by way of some of our politicians. pag ginawa nila maging all-filipino na talaga meralco. dapat naman eh, magaling yun bago presidente nila ngaun

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Meralco to acquire Sta. Lucia franchise