BO Perasol is set to be officially named head coach of Ateneo this week in a move that could signal the return of Manny Pangilinan to his role as top backer of the Blue Eagles.
Sources said the announcement could be made as early as Monday.
Perasol was originally signed to a three-year deal by the MVP camp before the business magnate and the school parted ways over opposing stands on mining and the RH bill.
Although Perasol's deal has since been rescinded "mutual consent," the coach found himself back in the frame for the job as the school reached out to Pangililan to set the stage for a reconciliation.
Both camps have been silent so far but sources said talks between top school officials and Pangilinan have been "very positive," making a reconciliation as well as Perasol's appointment imminent.
Several coaches have been considered and interviewed for the job, among them Alex Compton and Black's longtime assistant Sandy Arespacochaga. But the school's search committee has never come up with a definite choice.
The search committee met on Friday to firm up Perasol's appointment, sources said.
Perasol led Powerade to a finals appearance in the 2011 Philippine Cup, where it lost to the to Pangilinan-owned Talk ‘N Text ballclub.
Once he takes over, he will be inheriting a team that lost two pillars in Greg Slaughter and Nico Salva but remains solid with a nucleus led by Kiefer Ravena and Ryan Buenafe.