Velez Impresses PBA Execs in Talks for Broadcast rights.(Sports)

Manila Bulletin, August 13, 2002 | Go to article overview

Velez Impresses PBA Execs in Talks for Broadcast rights.(Sports)


Byline: DING MARCELO

A CONSORTIUM set up by Carlos Bobong Velez appeared to be the frontrunner to get the television broadcasting rights for the Philippine Basketball Association beginning next season.

Velez made his initial presentation during an exploratory talk with PBA officials two days ago that officially put him back in the thick of things after losing the rights to Viva Films following a severe advertising slump that sank his flagship Vintage Enterprises under gallons of red ink.

His massive losses forced him to relinquish the rights to Viva which at present is also having a difficult time meeting its obligations to the PBA to the tune of about P200 million a year.

Vivas contract which it inherited from Vintage is due to expire at the end of the PBA third conference this year.

According to PBA insiders, Velez made a forceful presentation during the meeting in which he pointed to his track record as broadcaster of the countrys foremost sports league which he helped achieve dizzying heights of success in the mid-90s.

Velez also informed his PBA listeners that he has tapped as partner a businessman with connections to the telecommunications industry who will put up the millions of pesos required for the rights bidding.

Hes got the inside track, says the PBA source who was present during the meeting but requested anonymity.

Velez reportedly brought along former Channel 7 executive Bobby Barreiro during the meeting and it was the latter who made a convincing power point presentation.

Several networks and some individuals were invited by the PBA for exploratory talks and Velezs team was among two groups which reportedly showed eagerness, determination and thoroughness during the presentation.

The other was Channel 4 which came in full force led by its chairman, Mia Concio, whose group also made a forceful presentation complete with film clips and other gadgets. …

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