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LeBron James’ SpringHill Nears Investment From RedBird Capital

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Variety reported that Fenway Sports Group and Nike would also be part of the consortium. The investment would value the production company between $650 million and $700 million.

Representatives for RedBird and SpringHill did not respond to requests for comment.In July, it was reported that James’ company was exploring a potential sale, either courting interest for a partial investment or an outright sale.

The company at the time was looking for a valuation of up to $750 million, according to The Information, which first reported Wednesday’s news.

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