On 10 May 2014, before the founder and owner of the franchise had been revealed to the public, IPTL announced that the Bangkok franchise would be moved to Metro Manila, Philippines due to the 2013–14 Thai political crisis. The ownership group that moved the team to Manila comprises Filipinos Hans T. Sy, Jean Henri Lhuillier, Kevin Belmonte, Haresh Hiranand, and Bala Swaminathan. Sy is president of SM Prime Holdings, the largest shopping mall operator in the Philippines. Lhuillier is the President and CEO of PJ Lhuillier Group of Companies, which operates Cebuana Lhuillier Pawnshop, a large pawnshop chain in the Philippines, as well as related businesses. By June 2014, the Manila franchise had been named the Manila Mavericks. On 27 October 2014, Manila resident Treat Huey was named the Mavericks' first coach.
Inaugural season
The Mavericks will open their inaugural season with a home match on 28 November 2014, against the UAE Royals. Mavericks owners are Hans Sy, Jean Henri Lhuillier, Kevin Belmonte, Haresh Hiranand and foreign partner Bala Swaminathan
Second season
The Manila Mavericks changed their name to the "Philippine Mavericks".
Third season
The Mavericks will not be taking part in the third season reportedly due to financial constraints and political situation in the Philippines. However the team owners dispute this reason saying that the team is "ready and committed for the long haul", and that as businessmen, the Philippines is capable of hosting IPTL matches. They say that the IPTL failed to fulfill its obligations to the franchise and will only reconsider joining the next season if these obligations were fulfilled.
Home venue
On 23 July 2014, the Mavericks announced that their home matches would be played at Smart Araneta Coliseum in Quezon City, Metropolitan Manila. On 29 August 2014, IPTL announced that the Mall of Asia Arena in Pasay, Metropolitan Manila, the first choice as a home for the Mavericks, had opened up the dates of the team's home matches making it possible for the Mavericks to play there. The Mavericks and IPT moved the team's home matches to an arena the league described as "one of the finest entertainment venues in the world."
Television coverage
On 7 November 2014, IPTL announced it had reached an agreement for the Philippines television broadcasting rights with ABS-CBN for its 2014 season. In November 9, 2015, IPTL went into one-year broadcast agreement with Philippine sports broadcaster Sports5 for the online and television airing of the games.
