Air 21 Exec confirms sale of team to NLEX

 

Air 21 Executive Lito Alvarez confirms that their team is up for sale to the NLEX Road Warriors. The team executive mentioned that it was NLEX who went to them and they gave them their asking price. 

Metro Pacific Investments Corporation, which bankrolls the NLEX Road Warriors lead by Manny V. Pangilinan earlier confirmed that they do not intend to join the team as a part of the expansion group (KIA and Blackwater did) and they want to bring their winning tradition from the D-League with their players intact unlike the concessions and dispersal draft to be given to them.

Any team sale would require the approval of two-thirds of the PBA Board of Governors. Alvarez mentions nothing is final unless the NLEX Group announces their purchase of the team. No purchase, Air 21 would still be around for the 40th Season of the PBA.

The interest of the NLEX Road Warriors to Air 21 maybe because of their emergence this season, with Asi Taulava just second behind Junemar Fajardo in the MVP race as well as their semifinal finish in the Commissioner's Cup. 

If the sale pushes through, do we see Franz Pumaren and Asi Taulava somewhere else? 

(Photo owned by Paul Ryan Tan and of the PBA).

Posted in: Air 21 Express,NLEX Road Warriors,PBA,Sports