New Report Reveals One Of LeBron James’ Companies Lost $30 Million, And Set To Lose Even More|KF

LeBron James (Image Credit: Getty Images)

LeBron James, the standout player for the Los Angeles Lakers, has reached impressive milestones during his illustrious career, reinforcing his enduring legacy.

Yet, recent reports indicate that he is facing some off-court challenges.

James and Maverick Carter founded SpringHill Company, an entertainment development and production firm, in 2020.

Recent reports from Lucas Shaw of Bloomberg reveal that the company incurred a loss of $28 million despite generating $104 million in sales last year.

“SpringHill, the media company co-founded by basketball star LeBron James, has never made any money.

The company lost $28 million on sales of $104 million last year, according to documents obtained by Bloomberg News.

SpringHill lost $17 million in 2022 and is on pace to lose millions more in 2024.” Via Bloomberg.

James’s media company has produced remarkable films, including Space Jam, Rez Ball, and Shooting Stars.

It also produced the engaging talk show The Shop.

LeBron James Joins Kareem Abdul-Jabbar In Elite Record

James will turn 40 this month, but he shows no signs of slowing down on the court.

He continues to achieve remarkable feats in his professional career with his outstanding performances.

Recently, he surpassed Tim Duncan for 2nd all-time in career wins.

On February 7, 2023, James surpassed Kareem Abdul-Jabbar in the all-time scoring title.

In addition to this monumental achievement, he has recently joined Abdul-Jabbar in yet another remarkable milestone.

According to Marc J. Spears’ recent post on X (formerly Twitter), James has now reached 15,000 career field goals.

The Lakers superstar became the second player in NBA history to accomplish this feat. He currently ranks second in field goals made, behind Abdul-Jabbar, who holds the record with 15,837.

As the King continues to excel in the 2024-25 NBA season, fans are increasingly eager to see his performance in the upcoming games.

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