THE Philippine Basketball Association (PBA) is upbeat about recouping its financial losses during the hardest times of the pandemic as it conducts a stacked three-conference calendar for Season 47.
Chairman Ricky Vargas said after incurring a loss of P100 million in the coronavirus disease 2019 -disrupted, single-conference 45season in 2020, the pro league earned a net of about P48.8 million last year. This, he said, should provide the momentum for the PBA’s targeted P200-million net in the coming season.
“We’re going back to three conferences and to deliver that, we’re looking at an expense of P300 million. But we’re also looking at a revenue of about P500 million so essentially we’re looking at a net profit of P180 to 200 million, if everything pushes through. The PBA ushers in hostilities on June 5 for the First Conference, which will run until Sept. 2. The Second Conference is slated for Oct. 2 through Jan. 25, 2023 and the Third Conference is set for Feb. 1 to May 10 next year.
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