Philippine football powerhouse Ceres Negros headed towards new ownership
ABS-CBN Sports on Jul 09, 2020 11:08 AM
Ceres Negros has announced that they will be heading towards new management and ownership
Philippine club football powerhouse Ceres Negros FC has announced that they are in talks with investors regarding new management and ownership.
After weeks of speculation regarding the multi-titled football club's status with the Philippines Football League, Ceres announced an official statement through their website.
Official Statementhttps://t.co/S8ngKWYhHs— Ceres-Negros FC (@CeresNegrosFC) July 8, 2020
"Ceres-Negros Football Club is currently in talks with investors who will be taking over the management and ownership of the club in preparation for the fourth season of the Philippines Football League as well as the resumption of the campaign in the AFC Cup," the release read, confirming that they are still part of the PFL.
Once new management and ownership come in however, the club will no longer be known as Ceres Negros.
"As soon as the takeover is completed, the club will no longer be known as Ceres-Negros since our current chairman Leo Rey Yanson will not be involved in any way in the affairs of the club."
The development certainly feels like the end of an era in Philippine football, as Ceres had been one of the staples of the country's club scene for the last eight years.
Founded in 2012 by Leo Rey Yanson, the Bacolod-based club has amassed multiple milestones in the local football scene including a UFL title in 2015 and three consecutive PFL titles from 2017-2019.
Ceres has also done well in terms of international competition, with five consecutive AFC Cup apperances and three consecutive AFC Champions League appearances. Ceres is currently at the top of Group G in the 2020 AFC Cup, which has been postponed due to the COVID-19 pandemic.
The club's current roster features a number of national team standouts including team captain Stephan Schrock, Manny and Mike Ott, Dennis Villanueva, and OJ Porteria. Ceres is also home to the AFC Cup's leading goal scorer, Spanish striker Bienve Marañon.