Most MP sponsorships and endorsements were undertaken to get personal access and Big Baller VIP treatment using the company jet to events by the MP executives underwritten with investor funds.
These endorsements and sponsorships were just perks with little or no real return.
When the SEC Investigation began questioning business purpose and receipts for exec expense accounts, MP began these party endorsements.
Mp sponsored the Phoenix Open this year so the execs could party at the biggest party event on the PGA Tour and VIP access to the Birdnest.
Same with the Cav's deal during the playoffs.
The list is long for executive perks but short on return.
What other high profile deals are there? Manziel was all stock options which are worth ZERO at this current time.
Cavs $2.4M City Football Group was a big one @ $8.4M
not sure the lengths of these though
I wonder what their plans are for the Apparel portion. I have no seen them go into selling mode for their apparel. Mostly I see giveaways. That doesn't seem conducive to the $1.2M buy back they did.
What it means is that Drexler is making changes and Brad has no choice but to go along with them and tow the new line. If they can't get rid of him, I hope that Brad is reduced to some kind of role similar to Cory.
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