24 Hrs
Source:
Los Angeles Times
_1777370220974_847775619.png&w=48&q=75){kind=small}
LeBron James secures $300M loan from insurer
LeBron James engaged in complex financial arrangements involving two Midwestern insurers to access immediate capital through asset-backed bonds tied to his future earnings, including sponsorship deals. These transactions, initiated before his move to the Los Angeles Lakers, involved controlling a company that issued bonds totaling nearly $300 million, with some bonds maturing in 2049. The deals are part of broader trends where athletes leverage future income streams, while Wall Street firms like Guggenheim and Sammons have increasingly invested insurers’ assets into non-traditional assets such as sports franchises and personal ventures.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)