Manny V. Pangilinan could be the first Asian to control an NBA franchise?

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Manny V. Pangilinan could be the first Asian to control an NBA franchise?

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May 24, 2011

Its not a secret that Sacramento Kings in the NBA is struggling financially and the news of a potential Filipino investor is nothing but intriguing, titillating and above all exciting.

Businessman Manny V. Pangilinan owner of Filipino Basketball clubs is looking to go big time in the NBA by potentially becoming a majority owner the Sacramento Kings.

This is almost close to reality as Pangilinan express his interest to invest and with his recent trip to Sacramento to visit the facilities, its not far from happening.

He said he would need to invest between $200 million and $260 million for a stake in the Kings, and that this would be done in his personal capacity.

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