LeBron James Borrowed Nearly $300M From Insurers Tied To Guggenheim In 2018

An LLC controlled by LeBron James borrowed nearly $300 million from two Midwestern life insurers advised by an arm of Guggenheim Partners months before he signed with the Los Angeles Lakers in 2018, according to insurance industry records reviewed by Bloomberg. The previously unreported bonds are structured against future revenue from James' endorsement deals, including a lifetime Nike sponsorship, and are not due until 2049. The lending arrangement began while James was still with the Clevelan...