New Hope for Terrafirma: Three Companies Emerge as Potential Buyers After Starhorse Deal Falls Through
Source: news.source.inquirer
After the collapse of the deal with Starhorse, three companies have emerged as potential buyers for the Terrafirma PBA franchise. PBA Commissioner Willie Marcial confirmed the interest, with two companies already submitting formal letters of intent. The failed acquisition has left the future of Terrafirma in limbo, especially amidst their current performance in the Philippine Cup.
Key Points
The deal between Terrafirma and Starhorse to sell the PBA franchise has fallen through due to Starhorse's failure to meet financial and other requirements.
Three companies have shown interest in purchasing the Terrafirma franchise, with two already submitting formal letters of intent.
The collapse of the deal has raised concerns about Terrafirma's future, particularly in the ongoing Philippine Cup where they have struggled recently.
PBA Commissioner Willie Marcial confirmed the interest from the three companies but did not disclose their names.
Terrafirma's recent performance includes a loss to Barangay Ginebra, adding to their challenges in the current season.
