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The multi-year deal, which according to USSA chief revenue and marketing officer Andrew Judelson includes a "significant cash component, " gives the team a winter home that includes housing, training facilities and easy access to top World Cup tour stops.
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Underscoring the importance of the deal, Chief Financial Officer Chris Liddell said that in addition to dipping into its deep pile of cash, Microsoft will borrow money for the first time to make the deal happen.
FORBES: Magazine Article
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Underscoring the importance of the deal, Chief Financial Officer Chris Liddell said that in addition to dipping into its deep pile of cash, Microsoft (nasdaq: MSFT - news - people ) will borrow money for the first time to make the deal happen.
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Ms. ERIN CALLAN (Chief Financial Officer, Lehman Brothers): We can tap into this pool to get additional cash at any time.
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The SEC said no-one but Sir Allen and James Davis, SIB's chief financial officer, knew where most of cash has been invested and accused both men of failing to co-operate with investigators.
BBC: Countries suspend Stanford banks
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To get a clearer snapshot, Chief Financial Officer John Standley , 38, started tracking daily cash receipts and disbursements.
FORBES: Looking Up--Maybe
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Marcus Liassides, chief executive officer of Inuk, said it had made moves to rectify this issue and and the cash injection from S4C and Sir Terry's Wesley Clover firm would further help expand its reach.
BBC: Web TV firm's ?10m growth hopes