LeBron James-controlled company borrowed almost $300 million from Midwestern life insurers advised by Mark Walter-led Guggenheim

In 2018, LeBron James signed a lucrative $154 million contract with the Los Angeles Lakers, marking one of his most significant deals that year. Prior to joining the team, James' control over a limited liability company saw it borrow nearly $300 million from two Midwestern life insurers, as revealed by insurance industry records analyzed by Bloomberg.

These bonds, due for repayment in 2049, were strategically designed to provide immediate financial support to James and were secured by a continuous stream of future earnings, primarily derived from his lifetime Nike sponsorship.