Blackwater Elite team owner Dioceldo Sy looking to sell franchise

Blackwater Elite team owner Dioceldo Sy looking to sell franchise

Blackwater Elite team owner Dioceldo Sy said Wednesday night he wants to sell the franchise. Sy’s announcement came just a day after the PBA warned the five-year-old team of possible sanctions for practicing ahead of the PBA’s official resumption of practices.

“I’m open to talks with any company interested to join the PBA and I’m a willing seller at a right price,” Sy told ESPN5. “I’m not interested with the PBA at this point in time. And I hope there’s interested company that wants to buy our franchise.”

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Philippine Star’s sports editor Nelson Beltran first tweeted Sy’s desire to sell the team.

With the PBA inactive since mid-March when Philippine president Rodrigo Duterte implemented an enhanced community quarantine in Luzon, players have been working out individually, sometimes aided by their respective team conditioning coaches.

The Inter-Agency Task Force (IATF) allowed sports like basketball and football practices to resume upon request of the PBA and other football organizations early this July.

Still, PBA commissioner Willie Marcial has yet to give the green light on when teams can finally practice while making sure coaches and players adhere to the health and safety protocols.

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