Big plans for JB next year

SPORTING CHANCE

- JOAQUIN M. HENSON

From the looks of brewing things, the coming year will mark several milestones in coach Joe Betancourt's storybook life. Betancourt, who piloted the US team to the Jones Cup title in 1997 and was an NBA international scout with strong ties all over the world, including the Philippines, is close to sealing a deal for a high-powered syndicate to take over an NBA franchise and ready to double his investment in JB Instituto de Basquetbol, AC, a growing foundation with a mission to inspire the youth and teach the basics of basketball at an early age to create opportunities in college, the pros and the national team.

Betancourt, who turned 74 yesterday, is upbeat on a looming boom in the world economy, fueled by a new US administration. He wove a legendary basketball career as a coach in his Texas homeground then became a renowned global figure. Basketball opened doors for Betancourt who metamorphosed into a successful financial expert and advisor, investing in the stock market, guaranteed commercial paper and IPOs to earn rich returns.