Before he joined the Lakers in 2018, a limited liability company controlled by former franchise superstar LeBron James borrowed almost $300 million from a couple of life insurers that were being advised by Guggenheim Partners, the California Post confirmed Tuesday.
Guggenheim Partners, to which former Lakers owner Mark Walter is the CEO, is under federal investigation over potential hidden, related-party transactions. It is widely believed that the federal scrutiny prompted Walter’s shocking sale of the Lakers after owning the team for less than a year.
Nothing indicates the loans to James are connected to those inquiries.
The securitization…
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