Manuel V. Pangilinan, in his capacity as head of Samahang Basketbol ng Pilipinas, is the closest equivalent in the Philippines to the NBA’s David Stern except that Stern doesn’t own a telephone company or a TV network.
Pangilinan said in an interview with reporters that he is seriously looking at offers for him to invest between five percent and 10 percent in an NBA team.
He refused to divulge the names of the teams but hinted that he is looking at a team in the Western [Conference] of the NBA.
This is not the first time he’s put out feelers, either:
Pangilinan confirmed reports that he was looking at a majority stake in an offer to join a group of investors that was supposed to take over the struggling Sacramento Kings in the NBA.
The group of investors was organized by retired former NBA All-Star Chris Webber, who was part of the Kings from 1998 to 2005.
The Kings continue to struggle, but nothing has come of the Webber group’s offer yet.