Manny V Pangilinan meets with SF officials

source: Waylon Galvez |

The possibility of telecommunications tycoon Manny V. Pangilinan joining the Sacramento Kings in the near future gained positive feedback after his group met some officials of the city the other day in San Francisco.

The meeting was not actually in the schedule of Pangilinan’s group, which included top executives Ricky Vargas, Al Panlilio and Patrick Gregorio, as well as Talk ‘N Text coach Chot Reyes and Meralco mentor Ryan Gregorio.

But in a statement, Pangilinan, “upon the encouragement of the city of Sacramentomet the city officials.

The Sacramento Mayor is former NBA superstar Kevin Johnson.

“The purpose was to explore the possibility of forming an investors’ group which may be interested in investing in the SK,” said Pangilinan, who owns several businesses in the country as well as in Hong Kong.

The meeting took place on Tuesday, and Pangilinan’s group was accompanied by former Sacramento King Chris Webber, who recently visited the country as part of a group that played against the PBA players in an exhibition game.

The Maloof family, led by brothers Joe and Gavin, which has 80 percent share of the NBA franchise, has agreed to stay in Sacramento for one more season, delaying their plan to transfer to nearby Anaheim, California.

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