After submitting pertinent documents Wednesday, the entry of GlobalPort, the new team owned by Mikee Romero, into the PBA is good as done, according to a league source.
“He’s got the numbers from the voting members,” said the source.
The businessman submitted paper work to the PBA, including the deed of assignment from Powerade, the previous franchise owner, to Sultan 900 Inc., Romero’s holding company. But while a deal has been struck, Romero’s entry into the PBA still requires approval by a majority vote from the league’s Board of Governors.
According to PBA media bureau chief Willie Marcial, the board will meet on Friday to vote on the matter. New PBA chairman Robert Non, who represents Ginebra on the board, will preside over the meeting.
Coca-Cola Bottlers Philippines, Inc. notified the PBA about the sale on July 30.
Romero is seeking to bring his championship tradition to the PBA. His Harbour Centre/Oracle Residences franchise won seven titles in the PBL, while his AirAsia Philippine Patriots won the inaugural staging of the ABL in 2010.
Apart from basketball, the businessman is also involved in a number of other sports, serving as an official in national cycling and shooting federations.