RACAL Motors has filed a letter of intent to become an expansion ballclub in the Philippine Basketball Association (PBA), reiterating that it has the capacity and all the intention to form a competitive team in the pro league.
The Racal Group of Companies filed the letter of intent on Thursday as a follow-up to the first letter it submitted to the PBA Commissioner's Office last year when the league accepted KIA (now Mahandra Enforcers) and Blackwater as expansion teams prior to the 2015 season.
This letter is addressed to incoming commissioner Chito Narvasa and comes just a week after the PBA board of governors tackled the application of Hapee Toothpaste.
Unlike Hapee, Caparida said the Racal group will not be seeking any concessions from the board and is willing to accept whatever terms the board will give them.
“Hindi kami hihingi ng concession. Basta ang amin lang gusto naming makapasok sa PBA. Yung letter of intent namin purely signifying our interest lang to join. Kung ano concession ibibigay nila, okay kami,” he said.
Caparida bared the multi-million company submitted its first letter of intent last November.
“Gusto talaga naming mag-PBA so sana this time, mapansin na nila application namin. Willing naman kaming suportahan ang team namin,” he said, insisting that they don't intend to be a fly-by-night ballclub.
“They can double check naman our company,” Caparida said.
Racal Motors Company is the maker of low-cost motorcycles and automobiles widely used as passenger vehicles.
But Caparida insisted there are 11 other companies under the Racal umbrella involved in motor assembly, motor sales, hardware, ceramics manufacturing and even shipping lines.
Though he cannot fully reveal the assets of the company, the longtime Racal Motors executive bared owner Quinito Racal also has existing partnerships with multi-billion Chinese e-commerce firm Alibaba.com, a major rival of Ebay.com and Amazon.com.
“I think they will help. Kasi partner ni boss yun (Alibaba) eh. He has direct communications there kasi part ng Alibaba.com ang mga products namin,” he said.
In the just-concluded PBA D-League Foundation Cup, Racal paraded a Keramix Mixers side spearheaded by Gilas cadet Giovanni Jalalon, Luis Sinco, Jeff Viernes and Keith Agovida.