In January 2016 , Phoenix Petroleum Philippines , Inc. had sealed a deal with Barako Bull for the team 's transfer of ownership costing 100 million pesos . The PBA Board of Governors unanimously approve the sale on January 20 . In addition , the board also got the green light to Phoenix to play in the 2016 PBA Commissioner 's Cup instead of waiting until the 2016-17 PBA season
2016 PBA Commissioner 's Cup
2016 PBA Commissioner's Cup
Barako Bull Energy