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LeBron James company valued at $725 million after selling minority stake
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SpringHill Company, the entertainment venture founded by LeBron James and his agent Maverick Carter, sold a minority stake that would value the company at $725 million.
Nike, Epic Games, RedBird Capital Partners and Fenway Sports Group bought the stake in the company. The size of the stake wasn’t disclosed. Epic Games is the company behind the popular video game "Fortnite" and Fenway Sports Group is the parent company of the Boston Red Sox and the Premier League’s Liverpool F.C. James recently acquired partnerships in Fenway Sports Group.
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