Tag

Adelsondumontfamilies

All articles tagged with #adelsondumontfamilies

sportsbusiness2 years ago

Mark Cuban Rewards Mavericks Staff with $35M in Bonuses Post-Stake Sale

Mark Cuban, after selling a majority stake in the Dallas Mavericks to the Adelson and Dumont families, announced a distribution of over $35 million in bonuses to team employees as a gesture of appreciation for their hard work. The bonuses will be calculated based on the duration of each employee's service to the Mavs. Cuban will retain a significant role and partial ownership, continuing to oversee basketball operations.

sportsbusiness2 years ago

Mark Cuban Rewards Mavericks Staff with $35M in Bonuses Post-Stake Sale

Mark Cuban, after selling a majority stake in the Dallas Mavericks to the Adelson and Dumont families, has announced that he will distribute over $35 million in bonuses to team employees as a gesture of thanks for their hard work. The bonus amounts will be determined by the length of each employee's service to the franchise. Cuban will retain a significant role and partial ownership, continuing to oversee basketball operations. The Mavericks are recognized as one of the most successful and popular NBA franchises, with a dedicated fanbase and a history of international superstars.