LeBron James's Company Borrowed Nearly $300 Million From 2 Insurers
Updated
Updated · Bloomberg · Aug 25
LeBron James's Company Borrowed Nearly $300 Million From 2 Insurers
3 articles · Updated · Bloomberg · Aug 25
Summary
Nearly $300 million was borrowed in 2018 by a limited liability company controlled by LeBron James, according to insurance industry records reviewed by Bloomberg.
Two Midwestern life insurers provided the financing, and the deal was arranged by an arm of Guggenheim Partners.
The borrowing came months before James signed his $154 million contract with the Los Angeles Lakers, making the loan larger than his headline NBA deal that year.