MIAMI, Florida (The Adobo Chronicles® ) – Miss Universe is up for sale! No, not Paulina Vega, the reigning title holder from Colombia, but Miss Universe the pageant.

Republican presidential candidate and real estate mogul Donald Trump told reporters he was putting his 49% stake in the pageant on the market.

Trump has been the face of Miss Universe for decades — well, hiding behind the beautiful faces of the pageant contestants and winners, that is. As owner of the Miss Universe Organization, he pretty much dictated how, where and when the pageants were to take place. He also singularly made that decision years ago to allow a transgender contestant to compete for the Miss Canada-Universe pageant.

Alas, things continue to go downhill for Miss Universe (and Miss USA which Trump also owns), since he made those disparaging remarks against Mexicans during the launch of his presidential bid. NBC Universal and Univision both cut their ties to Trump and countries like Mexico and Panama have dropped out of the international pageant, with other Latin countries expected to do the same.

So what’s next for Miss Universe? Will any one step up to buy out Trump?

It’s just a rumor, but keep an eye on who will succeed Trump as owner. The likes of billionaires Carlos Slim of Mexico (the second richest man next to Bill Gates) and Henry Sy, the richest man in the Philippines.

Both Mexico and the Philippines love beauty pageants, so that increases the odds of a Mexican or a Filipino owning Miss Universe.

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