Ceres-Negros FC is set to sell its club to a new investor, ending an era of unmitigated success in the local football scene.
The development was disclosed by the club itself in a statement that it issued on its social media pages.
“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 statement read.
The Philippine Football Federation (PFF) was also apprised of the situation with general secretary Atty. Edwin Gastanes disclosing the information during a virtual press conference on Wednesday, July 8, 2020.
Considered to be the finest football club in the country today, Ceres-Negros FC has won three Philippine Football League (PFL) championships as well as a Copa Paulino Alcantara title last season, thanks to the veteran leadership of national team sentinel Stephan Schrock and Spanish forward Bienvenido Marañon.
However, with the COVID-19 pandemic adversely impacting businesses all over the country, the team’s management headed by chairman Leo Rey Yanson, had no choice but to relinquish its ownership of the team.
"This is one of the toughest decisions made by Mr. Yanson, whose passion for football was reflected at the way he poured his personal resources and steered the club to unprecedented heights since it was formed eight years ago," the statement continued.
"Through Ceres-Negros FC, Mr. Yanson was able to share his love for the game to his countrymen. While the pandemic has struck hard on businesses all over the world, Ceres has made its best efforts to compensate its players and staff. We will be announcing the new name, new owners and management of the club soon.” (JNP)