AFTER a failed bid for a stake in the Sacramento Kings, Manny V. Pangilinan is again eyeing to buy a share in one of the NBA teams in the California Area.
The telecommunication executive confirmed his desire to own a stake in a franchise in the cage league universally considered as the best in the world, which was in fact one of the matters he discussed in a private meeting with NBA commissioner David Stern on Thursday.
“Yes, I said I remain interested in an NBA team even in a modest stake. Just to learn,” said Pangilinan of his brief talk with Stern, who came over to attend the maiden NBA preseason game between the Houston Rockets and the Indiana Pacers at the Mall of Asia Arena.
Although tight-lipped on the exact team he is eyeing, a source belonging to MVP's inner circle said the likely franchise is Golden State.
At least four teams are located in the California area, including the Kings, Warriors, and the Los Angeles Lakers and Clippers, respectively.
But the source said the possibility of buying a stake in the Lakers and Clippers organizations is highly remote at the moment, totally eliminating the two popular teams from the list.
“So that leaves Golden State,” said the source, refusing to be named pending an official announcement on the matter.
The huge Filipino community in the Bay Area is one of the main reasons why the sportsman-businessman is keen to acquire a stake in teams within the California vicinity.
The Sta. Cruz Warriors even drafted Filipino big man Japeth Aguilar in the last NBA D-League Draft in the hope of attracting Filipinos living in the area to come and support them during games.
“That’s one thing Mr. Pangilinan is looking at, `yung Filipino community doon. Kaya after Sacramento, now it’s Golden State,” added the source.
Pangilinan disclosed Stern welcomed his plan to buy a stake in an NBA team.
“He (Stern) said we’d be welcome, although franchise prices have gone up,” said the telecommunications magnate.
Two years ago, Pangilinan was offered to buy a stake in the Sacramento Kings owned by the Maloof brothers, but no concrete buyout was agreed during the course of the negotiations.