THERE will be no Racal Motors team in the PBA, atleast not in the next two years.
This after the PBA board deferred the application of Racal Motors, which has twice submitted its letter of intent to join the pro league as an expansion ballclub.
Racal team manager Nick Caparida bared to Spin.ph the response of the PBA to their two letters.
"Last meeting namin (with PBA officials), sabi nila after two to five years daw," said Caparida. "Wala pa eh. Pero palagay ko ganun na nga. Kailangan namin maghintay."
Caparida, however, said the company is willing to wait, a sign of its intent to follow KIA and Blackwater as new teams in Asia's first professional basketball league.
"Maghihintay kami. Kung kelan lang kami ipatawag, ready kami," he said.
"Wala pa silang tawag eh. Hindi ko alam kung maghihintay kami (sa time frame nila pero) maghihintay kami," added the soft-spoken Racal Motors official.
Caparida bared that his big boss, Junito Racal, is also open to the idea of buying existing ball clubs in the PBA.
"Once may nagbenta o open for selling, kukunin namin. Kasi gusto namin sa PBA. Para mas ma-i-market at mailapit namin sa tao ang mga products namin," he said.
And since their PBA application is pending, Racal is eager to maintain its basketball presence as the Bulacan-based company is now sponsoring teams in different leagues.
Racal Motors recently joined the Asean Basketball League (ABL) as Racal Motors-Philippines after the company's stint in the PBA D-League.
But that's not all. The company is also set to field not just one but maybe three teams in the soon to be launched Pilipinas Commercial Basketball League (PCBL).
"Isa lang talaga ang team namin na dadalhin kaso may nag-pull out sa PCBL, so our boss said willing siya magbuo ng isa o dalawa pang teams. Ganun siya ka desidido," said Caparida.
Asked about the financial capability of Racal, Caparida vouched for the company's capability. The conglomerate has eleven companies under its wing which includes the manufacturing of public utility vehicles and ceramics.
The company is also into online marketing and has a deep bond with world renowned e-commerce company Alibaba.com of China.
"I think kaya naman namin. We have a budget for basketball," he said.
The Racal official bared that the company has allotted around P30 million as seed budget this year for all the teams it is fielding in various leagues.
"May naka-ready kami na 15 to 16 million pesos sa ABL, tapos sa PCBL nag-ready kami ng around 10 million," he said.
Caparida stressed that Mr. Racal can even increase the budget to around P40 million should the need arise - an amount that is close to what some PBA teams spend anually.
Former PBA chairman of the board Buddy Encarnado, who is also the founding chairman of the PCBL, believes the motoring company is sincere in its bid to make itself known through basketball.
"They seem serious and aggressive in making their presence felt in basketball. And that is a good sign when a team owner is committed, there is basis for a stable league," said Encarnado.
"In fact they wanted to ensure that the PCBL will launch so they are open to finance up to three teams in the PCBL. Dun pa lang makikita mo na. Kasi if you don't have the resources, you won't make a bold statement that you want to join the league. 'Yung isang team nga lang mahirap na eh" he said.
"So I think the conglomerate is ready for big time basketball."