(dark) (light) Galleon Shipping Corporation, a company owned by Rodolfo Cuenca, acquired the franchise of the disbanded Filmanbank.
The franchise debuted in the 1980 PBA season as the Galleon Shippers.
The core team was built around former Filmanbank players that included skipper Rudolf Kutch, Larry Mumar, Romulo Palijo, Nilo Cruz, Angelito Ladores and Ben Ocariza.
It acquired two former U-Tex Wranglers; Anthony Dasalla and Renato Lobo, and a recruit from the amateur ranks, Robinson Obrique.
[1] Galleon's two reinforcements in the Open Conference were Paul McCracken and 6-10 Larry Jackson.