In January 2016 , Phoenix Petroleum Philippines , Inc. sealed a deal to acquire the team known as the second Barako Bull team ( also known as the original Air21 Express team ) from the Lina Group , reportedly in the amount of 100 million pesos . The PBA board of governors unanimously approved the sale on January 20 , 2016 . In addition , the board also gave its approval for Phoenix Petroleum to play in the 2016 PBA Commissioner 's Cup instead of waiting until the 2016-17 PBA season . The coaching staff , players ' contracts and contractual obligations will be carried over by the new owners
2016 PBA Commissioner 's Cup
2016 PBA Commissioner's Cup
Phoenix Pulse Fuel Masters