LeBron James-controlled company borrows nearly $300 million from insurers

A limited liability company controlled by LeBron James has borrowed almost $300 million from two Midwestern life insurers, advised by Guggenheim Partners. The transaction, structured to provide immediate cash, is backed by future revenue, including a lifetime sponsorship agreement with Nike. This financial move reflects James' off-court business strategies amidst his ongoing NBA career. James also announced plans for a golf event in Akron, Ohio, set for July 6-7, 2027, through his foundation.

• 4:15 PMYahoo Sports — LeBron James-controlled company borrowed almost $300 million from Midwestern life insurers advised by Mark Walter-led Guggenheim