Philippine basketball

Blackwater puts PBA franchise up for sale

Delfin Dioquino
Blackwater owner Dioceldo Sy is reportedly planning to sell his PBA franchise after 5 seasons in the league

Goodbye Blackwater Elite?

Blackwater owner Dioceldo Sy is putting his PBA franchise up for sale after 5 seasons in the league.

According to the Philippine Star, which first reported the news, Sy said the franchise has a price tag of P150 million.

Sy initially expressed excitement over the news that PBA teams will soon be allowed to train again after getting approval from the Inter-Agency Task Force.

“We like to see the PBA go back as soon as possible to give our fans a sign of normalcy and give them some new entertainment,” Sy told One Sports show Sports Page.

But Sy seemed to have been offended after learning that Blackwater could face sanctions from the PBA and the Games and Amusement Board for resuming practice way ahead of the official training restart.

Sy revealed in Sports Page that Elite players already returned to the court on Saturday, July 11, although the PBA order on teams to bar their players from practicing is still in effect.

“I went to their practice and I saw the protocols. What we are doing is very, very strict,” Sy said.

PBA commissioner Willie Marcial said July 22 is the target date for training resumption.

Blackwater joined the PBA as 1 of the 3 expansion teams in 2014.

The Elite reached the playoffs 5 times but never made the semifinals.

Delfin Dioquino

Delfin Dioquino dreamt of being a PBA player, but he did not have the skills to make it. So he pursued the next best thing to being an athlete – to write about them. He took up journalism at the University of Santo Tomas and joined Rappler as soon as he graduated in 2017.