Mark Cuban plans to distribute 35 million extra wages to Mavs employees

Melchor, Gaspar, Baltasar, Mark Cuban. Until recently, the owner of the Dallas Mavericks told team employees that the new management team was scheduled to pay bonuses totaling more than $35 million, even though the billionaire gave up his majority stake in the team. This is a financial injection in response to this.

In November, Mr. Cuban intended to sell a majority stake in casino operator Las Vegas Sands to Miriam Adelson, the largest shareholder, and her family, while Mr. Cuban would retain his shares and run the basketball business. It was reported that he intended to remain.

Las Vegas Sands CEO Patrick Dumont and his wife Sivan also participated in Adelson’s purchase of Cuban.

According to ESPN’s Tim McMahon, Cuban sent a letter to employees saying, “I want to thank you all for your hard work in making the Mavs a great organization, and you will receive additional paychecks from myself, the Adelson and Dumont families.” I will receive it,” he said. “In total, we will be awarding you approximately $35 million in bonuses, and we are excited to continue our work to make the Mavs the best franchise in all of sports!”

Cuban bought a majority stake in the franchise in January 2000 for $285 million and owned the team in 2011 when it won its only NBA championship.