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    One more week of waiting for Mikee

    Aug 11, 2012

    MIKEE Romero will have to wait for another week.

    The PBA Board of Governors deferred the approval of Sultan 900 Capital Inc., the business firm owned by Romero, on Saturday as possible 10th member team of the league in its coming 38th season.

    Sultan 900 brought the Coca-Cola Bottlers Phil. Inc’s Powerade franchise two weeks ago, but lack of papers regarding the sale of the team forced the PBA Board of Governors to resolve the issue next Friday prior to the holding of the Annual Rookie Draft.

     The fate of Sultan 900 was part of the minutes of meeting by the Board of Governors in its ongoing annual planning session in Macau.

    Commissioner Chito Salud said he talked overseas to Romero before the Board decided to defer approving the sale of the CCBPI franchise.

    The Board will have a special meeting on Friday to tackle the matter.

    “Mr. Romero said they will present the papers on the deed of assignment to our office on Wednesday and we will have a special board meeting on Friday to resolve the issue," said Salud. 

    "Mr. Romero expressed regret they were not able to present the needed papers earlier because of the torrential monsoon rains the past few days, but he assured me they will be there by Wednesday," added Salud.

    "Once the deed is there and we have deemed them to be in order, then we will call for a meting meeting for the franchise transfer to be approved. But it also must garner two-thirds or seven votes of all the governors."

    Continue reading below ↓

    In the event the transaction is given the go signal, Romero acquires the Powerade franchise lock, stock, and barrel, including the core of players that boast of Mythical team member and current scoring league leader Gary David, talented point guard Jayvee Casio, and Fil-Am guard Sean Anthony.

    The team, which will carry the moniker Batang Pier, also owns the no. 10 overall pick in the Draft.

     The approval of the deal also meant fulfilling the lifelong dream of Romero, a passionate basketball and sports supporter, to own a PBA franchise.

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