MANILA, Philippines – Basketball club Barako Bull has informed the Philippine Basketball Association (PBA) that it will not be returning to the league.
According to league commissioner Chito Salud, Barako Bull already clarified its intent to leave the PBA.
Barako Bull, which took a leave of absence from the league, has been under financial distress since 2009.
Team management had admitted they were having difficulties with the team's payroll.
The Energy Boosters' leave of absence paved the way for Smart Gilas-Pilipinas to sign up for the league’s Commissioner’s Cup.
Phoenix Petroleum will reportedly take over Barako Bull’s franchise.