Vargas cites PBA team owners

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Philippine Star

MANILA, Philippines — PBA chairman Ricky Vargas said yesterday the league owes it to team owners for absorbing a hefty financial loss to preserve players and staff salaries during the pandemic but assured that “we’re on our way back.” Vargas also paid tribute to TV5 for “staying with us through this difficult time.” He called the network “real partners.” The coverage reached a high in the recent Governors’ Cup where Game 6 of the finals registered a double digit rating to create momentum for next season. “The PBA took a loss of about P100 million while continuing to keep employees compensation…

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