He is the owner of Philippines Football League club Davao Aguilas and a co-owner of A-League side Western Sydney Wanderers.

[6][5] His connections in Australia, led to the hiring of Alen Stajcic as head coach for Philippines' stint in the Asian Cup.

[5] In January 2024, it was announced that Cheng was retained as team manager, following John Gutierrez's election as PFF president in November 2023.

[7] However in June 2024, Cheng stepped down from the role citing the situation is "not workable" due to "incompatible" and "misalignment" of goals with the current organization.

[11] Cheng serves as the director of Sabre Sports United and president of the Philippine Airport Ground Support Solutions.