The Philippine Basketball Association (PBA) franchise of Northport have been sold to Pureblends Corporation for ₱90M in cash and according to Spin.ph, the payment was made in two tranches.
THE PBA franchise of NorthPort is finally being taken over by a food solution provider specializing in custom food manufacturing.
As per multiple sources by SPIN.ph, negotiations for the sale of the franchise lock, stock, and barrel between the Batang Pier and the team’s official buyer Pureblends Corp. was completed to the tune of P90 million, reportedly paid in two tranches.
Both parties agreed on the buyout over the weekend as the new management took over the franchise starting Sept. 1.
In an interview by Reuben Terrado if Spin.ph, PBA Commissioner Willie Marcial said that the transaction “is “almost a done deal.”
PBA commissioner Willie Marcial says sale of NorthPort franchise to Pureblends is "almost a done deal" | @spinph pic.twitter.com/U5xd5bviKm
— Reuben Terrado (@reubensports) September 25, 2025
Northport entered the PBA when its mother company, Sultan 900 Capital, Inc., bought the PBA franchise of Coca-Cola Bottlers Philippines, Inc. in 2012. Pureblends Corporation, on the otherhand, is a food and beverage company owned by Bryann Calantoc.
