Starhorse's PBA Ambitions Adrift Amid Unmet Requirements
Source: news.source.tempo_ph
Starhorse's bid to acquire the Terrafirma franchise in the PBA has hit a snag, with the shipping company failing to meet the necessary requirements for the takeover. Despite an initial letter of intent and an agreement in principle, progress has stalled, leaving the potential entry into the league uncertain.
Key Points
Starhorse, a shipping company based in Lucena City, intended to buy the Terrafirma franchise in the PBA.
The process has been stalled as Starhorse has not met the PBA's requirements for the acquisition.
Despite an initial agreement, there has been no significant progress since February.
The PBA has been silent on the matter but is expected to make an announcement soon.
