The Philippine Basketball Association (PBA) Board of Governors unanimously approved the sale of Barako Bull to petroleum company Phoenix Fuel during a special board meeting held at the PBA office in Libis, Quezon City.
PBA Chairman Robert Non, who presided the one-hour meeting, said that the Davao-based company would take over the Barako Bull Energy franchise owned by the Linaheim Corporation of businessman Bert Lina beginning the Commissioners Cup on February 10.
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