LeBron James Continues to Expand His Off The Court Empire With Major New Investment
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Cast member Lebron James attends the premiere for the film Space Jam: A New Legacy in Los Angeles, California, U.S. July 12, 2021. REUTERS/Mario Anzuoni
LeBron James is arguably the best player in the league right now. With a career that has already lasted 18-years and counting, James has continued to be one of the best all-round players in the league and if not for his freak high ankle sprain, was one of the favorites to win the MVP trophy.
One of the most renowned skills that Bron stands out in, is his impeccable playmaking skills and his elite basketball IQ. Given how exceptional his ability to read the game is, LBJ was pretty unique.
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LeBron James attends Harlem’s Fashion Row at Capitale on September 4, 2018 in New York City. (Photo by Santiago Felipe/WireImage)
Not only has ‘the King‘ excelled on the court, the 4-time MVP has had massive success off the court as well. Be it endorsements or movies or investments in multiple ventures, LeBron has been pretty active off the court as well.
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LeBron James’ production company to get a massive new investment
LeBron James certainly has been incredibly active off the court. Be it investing in a footballing giant like Liverpool FC or be it the up-and-coming Blaze Pizza, James has been bold enough to take risks.
But perhaps one of his most successful creations has been that of Springfield Entertainment. Founded in 2020, the company has seen a mercurial rise in the first two years. Many have deservedly lauded the production company who have been a part of projects like Space Jam: New Legacy and The Shop.
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Multiple investors have lined up for the company following its incredible success. Recently it was reported that a consortium of Nike, Red Bird Capital and Fenway Sports Group are set to invest in the company.
While Forbes estimated the company’s net worth a whopping $300 million in the month of August, this new investment takes things to a different level all together. With this deal, the company’s value will increase to $650 million and $700 million.
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Winning national awards with documentaries like ‘More than a game’ to successfully producing box office projects like Space Jam: New Legacy, the SpringHill company is just getting started.
Given the various numbers of things this company has lineup up, the only way is up for LeBron and Co. What kind of project do you expect next from the company? Let us know in the comments section down below.
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