LeBron James Reportedly In Talks W/ Nike To Sell SpringHill Company, Estimated To Be Worth Up To $750 Million
LeBron James is continuing to make money moves through his entertainment company, SpringHill!
Yesterday (Tuesday, July 13th), reports began circulating that the well-known Los Angeles Lakers player was discussing the sale of SpringHill Co. with various entities, including Nike. According to a source close to the situation, the discussions are still in an early stage. Additionally, the situation could potentially result in an investment rather than a full-on sale, according to reports.
SpringHill Co. was formed by LeBron James and his longtime business partner, Maverick Carter, last year.
The company was formed by merging three different entities: SpringHill Entertainment, Robot Company, and Uninterrupted. SpringHill Entertainment is behind the upcoming Space Jam: A New Legacy, and Uninterrupted produced HBO’s The Shop: Uninterrupted. Additionally, the company is set to produce the highly-anticipated House Party remake. Resultingly, SpringHill Co. already has its hands on various projects despite being formed just last year.
News of LeBron James‘ potential sale of SpringHill comes only about a week following reports that he’s on track to become a billionaire this year. On top of SpringHill and his NBA career, he’s also involved in companies like Fenway Sports Group and the Blaze Pizza franchise. Additionally, he’s also a part-owner of the Boston Red Sox and Fenway Sports Management.
What do you think about LeBron James reportedly looking to sell his SpringHill Company? Comment down below to let us know!