David Wright Hits A Home Run
From Hardballtimes.com...........
While the name Glaceau may not be easily recognizable, its vitaminwater product probably is. Vitaminwater is sold from coast to coast and the upstart non-carbonated beverage maker caught the eye of Coke, who agreed to buy Glaceau for $4.1 billion. It also caught the eye of some of the athletes who endorsed the product, because instead of taking cash to help market vitaminwater, the athletes chose to take shares in the company.
One of those players, who allegedly holds the largest stake in the company of any endorsing athlete, is David Wright. Darren Rovell recently reported that Wright’s share in the company is 0.5%. Based on the $4.1 billion sales price, that puts the payday for Wright in the neighborhood of $20.5 million, which would make it one of the largest endorsement deals ever.
While the name Glaceau may not be easily recognizable, its vitaminwater product probably is. Vitaminwater is sold from coast to coast and the upstart non-carbonated beverage maker caught the eye of Coke, who agreed to buy Glaceau for $4.1 billion. It also caught the eye of some of the athletes who endorsed the product, because instead of taking cash to help market vitaminwater, the athletes chose to take shares in the company.
One of those players, who allegedly holds the largest stake in the company of any endorsing athlete, is David Wright. Darren Rovell recently reported that Wright’s share in the company is 0.5%. Based on the $4.1 billion sales price, that puts the payday for Wright in the neighborhood of $20.5 million, which would make it one of the largest endorsement deals ever.
posted by christopher at 7:05 PM
0 Comments:
Post a Comment
<< Home