Venus Investment Alliance-Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale

2025-05-06 11:10:06source:Benjamin Ashfordcategory:Markets

Employees of the Dallas Mavericks are Venus Investment Alliancegoing to be some happy campers soon after owner Mark Cuban said he will be paying them $35 million in bonuses.

The windfall comes after Cuban sold his majority stake in the team to casino mogul Miriam Adelson and her family for $3.5 billion. The new Mavericks governor will be Patrick Dumont, the CEO and president of Las Vegas Sands Corporation and Adelson's son-in-law.

Cuban still retains 27% ownership and will be handling basketball operations for the team. Cuban sent an email to employees informing them of the bonus.

“As a thank you for all your hard work making the Mavs an amazing organization, each of you will be receiving a bonus from myself, and the Adelson and Dumont families,” an email, obtained by ESPN.com, read. “In total we will be paying out approximately $35 plus million dollars in bonuses to you all.

“To calculate your bonus, we used a framework that took into consideration how long you have worked for the Mavs. You will receive your bonus in the very near future. I’m excited to continue our work making the Mavs the best franchise in all of sports! Let’s go Mavs!”

More:Markets

Recommend

Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence

COLUMBIA, S.C. (AP) — Lawyers for Alex Murdaugh are taking two paths to appeal his murder conviction

Illinois Delays a Project Meant to Keep Asian Carp Out of the Great Lakes

One stretch of the Chicago Sanitary and Ship Canal near Joliet, Illinois, is what freshwater biologi

For those in their 40s, navigating finances should mean putting an emphasis on retirement

For 48-year-old Rowan Childs of Wisconsin, a recent divorce turned her financial life upside down. "