LeBron James’ LLC borrowed $300 million from Mark Walter-led Guggenheim before joining LA Lakers
Prior to either of their associations with the LA Lakers, Mark Walter’s Guggenheim Partners lent LeBron James $300 million for a new company. In 2018, as James geared up to sign with the Lakers in free agency, part of his decision to move to the City of Angels was because of his desire to pursue outside business ventures.
In 2018, LeBron James' LLC sought a substantial $300 million investment from Mark Walter-led Guggenheim Partners to support their new company. This financial move was crucial for James, as it provided the necessary cash flow for his ongoing business ventures and sponsorship income. It was during this time that James also finalized a move to join the LA Lakers in free agency, with the desire to explore new business opportunities playing a significant role in his decision.
The loan from Guggenheim Partners, which was due in 2049, was secured against James' various earnings and assets. This arrangement was a common financial structure for individuals in his high income bracket, as confirmed by the NBA. By 2022, James had secured an additional $97 million contract extension with the Lakers, coinciding with another $60 million in borrowing from the same insurance companies.
The NBA approved these transactions, emphasizing their status as a standard financial strategy for high-earning individuals. Fast forward to 2025, and James has become affiliated with Mark Walter after the latter bought the LA Lakers for a record-breaking $10 billion. Since James left the team, Walter has since sold the Lakers to Bob Iger and Josh Kushner for a staggering $12.5 billion, amid an ongoing investigation into his financial dealings.
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