LeBron James Borrowed Nearly $300 Million Before Signing With Lakers
The nine-figure loan was collateralized by future endorsement earnings, including his lucrative lifetime contract with Nike.
Before making his transition to the Los Angeles Lakers, LeBron James orchestrated a massive financial maneuver involving nearly $300 million in borrowed funds.
According to reporting from Sportando, the financing was arranged through a limited liability company controlled directly by the NBA superstar.
The substantial borrowing was secured against James's expected future endorsement revenues. Among the key assets backing the multimillion-dollar transaction was his lifetime endorsement agreement with Nike.
Reported by: Sportando