LeBron James is the latest NBA player to have his finances come under scrutiny following a new report from Bloomberg that was published on Tuesday. According to the story's headline, "LeBron James Borrowed $300 Million From Insurers Arranged by Guggenheim."
Guggenheim is the financial services firm run by Mark Walter, the guy who owned the Los Angeles Lakers for about a year. He recently sold the team to Josh Kushner and Bob Iger. The Dodgers might be next. You're probably familiar with all that.
MORE: LeBron James leaving Los Angeles looks even better now
If you are familiar with all that, the headline sounds pretty juicy. However, if you actually reading the article it sounds more like LeBron James was doing some basic rich guy stuff. So anyone expecting a year-long investigation into the Lakers committing cap circumvention is going to be disappointed. The story doesn't seem to have anything to do with LeBron choosing or re-signing with the Lakers. Via Bloomberg:
"James' borrowing from the two Midwestern insurers — structured as sales of ***** et-backed bonds — began when he was at the Cleveland Cavaliers and his career was poised for new heights."
#Lakers #insurers #year
Guggenheim is the financial services firm run by Mark Walter, the guy who owned the Los Angeles Lakers for about a year. He recently sold the team to Josh Kushner and Bob Iger. The Dodgers might be next. You're probably familiar with all that.
MORE: LeBron James leaving Los Angeles looks even better now
If you are familiar with all that, the headline sounds pretty juicy. However, if you actually reading the article it sounds more like LeBron James was doing some basic rich guy stuff. So anyone expecting a year-long investigation into the Lakers committing cap circumvention is going to be disappointed. The story doesn't seem to have anything to do with LeBron choosing or re-signing with the Lakers. Via Bloomberg:
"James' borrowing from the two Midwestern insurers — structured as sales of ***** et-backed bonds — began when he was at the Cleveland Cavaliers and his career was poised for new heights."
#Lakers #insurers #year
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