All articles tagged with #businesssports
David Beckham has signed a deal to be a global ambassador for AliExpress, an online retail platform owned by Alibaba, ahead of the UEFA EURO 2024 tournament in Germany. Beckham will promote AliExpress' Score More campaign during the games, as the company aims to engage football fans with prizes and promotions. The financial details of the deal were not disclosed.
Mark Cuban, after selling his majority stake in the Dallas Mavericks to Miriam Adelson's family for $3.5 billion, is giving $35 million in bonuses to team employees. The new governor of the Mavericks will be Patrick Dumont, Adelson's son-in-law. Cuban, who still owns 27% of the team and manages basketball operations, expressed his gratitude to the staff for their dedication to the organization in an email, outlining that the bonus amounts were determined by the length of each employee's service to the team.
Mark Cuban, after selling his majority stake in the Dallas Mavericks to a group led by Dr. Miriam Adelson, is distributing approximately $35 million in bonuses to team employees as a gesture of gratitude. The bonuses are calculated based on the employees' tenure with the Mavericks. Cuban retains a 27% stake in the team and will continue to run basketball operations, although Patrick Dumont from the new ownership group will have the final say.
Mark Cuban, after selling his majority stake in the Dallas Mavericks for approximately $3.5 billion, is rewarding employees with $35 million in bonuses. The bonuses, shared with the new majority owners, the Adelson and Dumont families, are based on employee tenure. Cuban, who bought the Mavericks in 2000 for $285 million, will retain a 27% stake and operational control, focusing on the basketball side of the franchise. The Mavericks have significantly increased in value during Cuban's tenure, making the playoffs 19 times and winning an NBA title in 2011.