 In 2001, the PBA's Tanduay Rhum Masters sold its PBA franchise to the Lina group for a reported 60–75 million pesos.The development led to the Lina group's departure from the MBA to concentrate on their new PBA franchise, which became named as the FedEx Express.The MBA, as a result, lost its Laguna franchise and one of its biggest sponsors, FedEx, before closing shop at the middle of the 2002 season.