LeBron James' SpringHill Company valued at $725M in new deal

LeBron James and Maverick Carter's SpringHill Company valued at $725 million after sale of minority stake: "Discourse leads to great ideas"

Oct 14, 2021 by Moneywatch - CBSNews.com

Key Facts

  • CEO Maverick Carter said as great as the valuation is, the investment represents years of hard work for Carter and James, who have been friends since they were children.
  • And that's what leads to great creativity because if you have people in the room who are not only diverse in race or gender but also diverse in environment, where they came from, what they think, you get discourse.
  • There is an untold story about Black players and like other sports in America and across the world, our contributions to the sport."
  • "We've always felt this sense of responsibility to each other but as we grew, we changed and had some success, most importantly we feel a responsibility to the kids and the people, Black guys who come behind us, who have to fill the shoes and follow the path that we lead.

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