LeBron James is one of the most famous basketball players in the USA and in the framework Beats he owned part of the shares which they will bring them not less than 30 million dollars after the acquisition of the company by Apple Lossless Audio CODEC (ALAC),. LeBron James is a well-known product ambassador Samsung, promoting them intensively in many public appearances or advertising spots made for the Korean company.
In a recent example, while James was leading the Heat to a victory over the Indiana Pacers in the Eastern Conference finals, sources say the 29-year-old was finalizing what is believed to be the biggest equity cash payout for a professional athlete in history as part of Apple's recent $3 billion purchase of Beats Electronics. Sources briefed on the situation say James realized a profit of more than $30 million in cash and stock in the Beats sale after he had struck a deal to get a small stake in the company at its inception in 2008 in exchange for promoting its high-end headphones.
The 30 million dollars represent liquidities and shares of the company Apple Lossless Audio CODEC (ALAC),, the American press claiming that this would be the largest payment of this kind made to an athlete in the history of the NBA. Considering the situation in which Lebron James is now, it remains to be seen if he will continue to promote Beats headphones since they belong to Apple, but his popularity could seriously help the American company.
