CHOT Reyes will be stepping down as chief executive officer (CEO) of TV5, according to multiple media reports.
The former Gilas Pilipinas coach confirmed to the Philippine Daily Inquirer a report by Fashion Pulis that he will be leaving TV5 with Cignal TV president Jane Basas taking over the position.
“I’ve been here more than five years and, you know I’m really not the corporate guy. I asked if I could opt for early retirement,” Reyes told the Inquirer.
Reyes later thanked Manny V. Pangilinan for the time he spent with the MVP Group in different capacities.
“It’s been a great 10 years with boss MVP and the group. But now, it’s time to move on to other things,” said Reyes.
Before his stint as TV5 president, Reyes was an eight-time PBA champion coach during stints with Purefoods, Coca Cola, and TNT.
Reyes also coached Gilas Pilipinas where he was responsible for leading the country back to the World Cup after qualifying in Fiba’s highest tournament in 2014 after a 36-year wait.
After being replaced by Tab Baldwin after the 2014 Asian Games, Reyes returned in 2016, but his stint ended last year following the brawl that erupted in the Fiba Basketball World Cup qualifiers last year against the Australia at the Philippine Arena.
Unconfirmed reports of a falling out between Reyes and Pangilinan over basketball-related issues have been spreading in the sports community which the Inquirer also reported.
“It’s part of the basketball culture,” Reyes said without elaborating.
Get more of the latest sports news & updates on SPIN.ph
NOTICE ON UNAUTHORIZED AND UNLAWFUL USE, PUBLICATION, AND/OR DISSEMINATION OF SPIN.PH CONTENT: Please be notified that any unauthorized and unlawful use, publication, and/or dissemination of Spin.ph’s content and/or materials is a direct violation of its legal and exclusive rights to the same, and shall be subject to appropriate legal action/s.
