He is the former head coach of the Ateneo Blue Eagles and the UP Fighting Maroons,[2] and is the current director of the University of the Philippines Office of Athletics and Sports Development.

[3] Bo Perasol was a former player and team captain of the UP Fighting Maroons in the UAAP from the year 1990–1994, one of his notable teammates was Ryan Gregorio, a successful PBA coach.

Air21 finished fifth in the classification phase but pulled huge upsets over the San Miguel Beermen and the Talk 'N Text Phone Pals in the Wild-Card and Quarterfinal rounds, respectively.

The Express lost in six games to the Purefoods Chunkee Giants in the semifinals, but won a one-game match for third-place over the Barangay Ginebra Kings, their best finish in franchise history.

When the team rebranded as Powerade, Perasol led the Tigers to the 2012 Philippine Cup Finals (with Gary David as one of the star players) as 8th-seeded knocking down B-Meg Llamados, but lost to the defending champions Talk 'N Text Tropang Texters.

The appointment of Perasol was announced on May 2, 2016, days before the start of the campaign in the 2016 Filoil Flying V Preseason Hanes Cup against Perpetual Altas.

Perasol was the head coach of then first-seeded Ateneo Blue Eagles team that lost twice to the eventual champions NU Bulldogs in 2014.

During the last game of the UAAP Season 82 first round of eliminations featuring the reigning back-to-back champions Ateneo Blue Eagles and the previous season's finalists, Perasol's UP Fighting Maroons, he was ejected from the game at around the 6:26 mark of the 3rd quarter after he aggressively accosted referee Jaime Rivano and allegedly chest-bumped the said official, even hurling invective language at him.

Ilagan said that the suspension should serve as a lesson for the rest of the teams in the league to “exhibit tremendous restraint and discipline not just towards officials but everyone on the court,” however Perasol responded that this was "too much," saying that his presence on the bench would now be even more important, as the tournament enters the second round of eliminations.