Tuesday, November 30

Tag: payoff

Kobe Bryant estate to recieve $400 million after BodyArmor announces $5.6 Billion sales
Lifestyle

Kobe Bryant estate to recieve $400 million after BodyArmor announces $5.6 Billion sales

The estate of Los Angeles Lakers legend Kobe Bryant will reportedly recieve around $400 million as part of BodyArmor's $5.6 billion sales to Coca-Cola Co. Coke said on Monday that it paid $5.6 billion for the outstanding 85% stake in BodyArmor. Coke originally bought a 15% stake in the line of beverages in 2018. Coke announced its purchase Monday at exactly 8:24 a.m. to commemorate the two jersey numbers Bryant wore during his NBA tenure. The BodyArmor move marks the largest single amount Coke has ever paid for a beverage brand. Coke bought Glaceau water for $4.1 billion in 2007 and paid $5.1 billion in 2018 for Costa Coffee. Company officials are now working "on the next stage of growth" for BodyArmor, Coca-Cola North America President Alfredo Rivera said in a statement. Coke s...
Newcastle to appoint new manager this week
Sport

Newcastle to appoint new manager this week

Newcastle’s new owners may sack Steve Bruce as manager this week. SportsMail reports that they felt Bruce’s presence in the dugout might have a negative impact when they take on Tottenham Hotspur. The 60-year-old would receive a payoff of around £8million. The club’s director, Amanda Staveley, already got a shortlist of Bruce’s possible replacements, but that appointment could yet take some time to finalise. Former Borussia Dortmund boss, Lucien Favre, is one of those under consideration. Leicester City manager, Brendan Rodgers and Rangers boss Steven Gerrard are also on the list. Current assistant head coach, Graeme Jones, is set to be put in temporary charge for the Spurs game.
Britney Spears accuses her father of trying to extort her
Lifestyle

Britney Spears accuses her father of trying to extort her

Britney Spears says her father is trying to extort her by asking for a payoff before he quits his role as her conservator. In new legal documents, obtained by TMZ, Britney pointed out that her father has already admitted it's in her best interests for him to step down as her conservator, but she adds that he is trying to hold her up for more money from her as a condition to leave. Britney's legal team claims Jamie is asking for around $2 million before he will step down as her conservator. Some of the money will go to pay his lawyers and her former business manager Tri Star. In the documents, Britney's lawyer, Matt Rosengart, warned: "The status quo is no longer tolerable, and Britney Spears will not be extorted." Britney says Jamie should just resign now instead of drawing o...

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