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LeBron James In Early Talks With Nike, Others For Sale Of His SpringHill Company; $750M Valuation, According to Bloomberg

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What’s the old adage, buy low and sell high? With principal LeBron James set to open Warner Bros.’ Space Jam: A New Legacy this weekend, Bloomberg has confirmed a report that James and …

Conversations are said to be in the early stages, with a valuation as high as $750 million.James and Carter may only be looking for investors, however, rather than an outright sale. Whatever the case, the fact that’ superstar and his business partner formed SpringHill Co. just last year after raising $100 million and now could conceivably cash out at a profit is remarkable.

James, of course, has longtime ties to Nike. At 18, he signed a seven-year $90 million endorsement deal with the shoe brand. It made him the highest-paid player in the

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That’s absurd. It has not given a single blockbuster as a production house. Nike must have money to waste.

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LeBron James’ SpringHill Media Company in Talks to Sell Equity Stakes, Including With Nike, Valuing It at Up to $750MSpringHill Co., the media firm formed by LeBron James and Maverick Carter, is in early discussions with a range of potential investors to sell a piece of the company that would value it at upwards …
Source: Variety - 🏆 108. / 63 Read more »