Connect with us

Hi, what are you looking for?

Tiebreaker Times

Basketball

Dioceldo Sy to continue supporting women’s basketball, start boxing promotion


Despite his intention to pull out of the PBA, Ever Bilena Cosmetics president Dioceldo Sy is not turning his back on Philippine sports and helping out its athletes. 

Thursday evening, the 62-year-old self-made billionaire shared that he is planning to sell his PBA team Blackwater Elite — a franchise he bought in 2014 for a cool PHP 120M. His base price is PHP 150M.

“Bahala na PBA, but my heart is decided to sell,” he told Tiebreaker Times, adding that he is “tired” of the allegations raised against him and his team that they broke quarantine protocols.

But that does not mean that he is also pulling the plug on his support for women’s basketball.

Since 2015, Sy has been financing the women’s national basketball team program.

The team reached new heights under his watch. This includes its promotion to Level I status back in 2017 and winning a historic bronze medal in the 2019 FIBA Under-18 Asia Cup.

Besides this, Sy is also one of the program boosters for reigning, defending six-time UAAP champion National University.

“I’ll continue supporting NU and Gilas Women’s. Wala naman tayong problema dun eh.”

A new sport that Sy is looking to support is boxing.

This has been a long-time dream of the Filipino-Chinese businessman, as he almost managed Manny Pacquiao before.

And now, he is in talks with Gerry Penalosa and Pacquiao on promoting and grooming the next Filipino world champion.

“I’m letting go kasi I want to switch to boxing. I’m currently talking to Gerry, and hopefully Manny when he comes back from General Santos, to support a few boxers. It’s going to be much cheaper for me, and I can still help out our athletes,” he said.

#ReadMore  Yu, Arana step up as Pasig-Sta boots out San Juan in MPBL thriller

The money gained from the potential sale of Blackwater will be used in both women’s basketball and boxing.

For his part, Sy can’t wait to get out of the league.

“If there’s anything that comes up in the next few days and the price is right, I’m going to agree immediately.”

Written By


You May Also Like

3x3 Basketball

Gilas Pilipinas Women will be among seven local teams defending home turf at the Manila Hustle 3×3 Season 3, set to take place on...

Basketball

The rivalry between National University and University of Santo Tomas extended into UAAP Season 87 when the two teams met again in the best-of-three...

Basketball

While adversities come and go, the regret and pain of losing the UAAP women’s basketball crown in Season 86 continued to haunt National University...

Basketball

Cielo Pagdulagan made the most after receiving the keys to the National University kingdom, delivering a Finals performance that will be remembered for years...

Basketball

The future is now. Rookie Cielo Pagdulagan has received the keys to the National University kingdom, earning the UAAP Season 87 Collegiate Women’s Basketball...

Basketball

Crown Retrieved. Redemption Achieved. National University erased the heartbreak of last year, securing the UAAP Season 87 Collegiate Women’s Basketball championship with a 78-73...

Basketball

Cielo Pagdulagan may be a rookie for National University, but winning is far from new to her. The first-year winger was a two-time UAAP...

Basketball

Brigette Santos delivered a career-defining performance in Game 2 of the UAAP Season 87 Women’s Basketball Finals, leading defending champion University of Santo Tomas...

Advertisement