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Maverick Carter
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LeBron James’ SpringHill Sells ‘Significant Minority Stake’ to RedBird-Led Group
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thewrap.com
thewrap.comLeBron James’ SpringHill Company has sold what is being called a “significant minority stake” to a group of investors led by RedBird Capital.
The investment values SpringHill at $725 million.In addition to RedBird, Fenway Sports Group, Nike and Epic Games round out the group.
The investment will allow SpringHill to expand IP development and add more live events, among other initiatives. It was also set the stage for expansion outside of North America and potential M&A.And SpringHill is getting into gaming as part of Epic Games’ involvement.“SpringHill’s mission is empowering greatness in every individual,” Maverick Carter, the CEO at SpringHill, said in a statement accompanying the announcement.
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