LeBron James Becomes Part-Owner of Cannondale


Shop: Halter's Cycles
Shop Keep
LeBron James Becomes Part-Owner of Cannondale

MARCH 28, 2007 -- BETHEL, CT (BRAIN)--Cleveland Cavaliers forward LeBron James has acquired a minority ownership stake in Cannondale. Details of his exact stake have yet to be disclosed.

“Cannondale is one of the premier cycling companies in the industry,” James said. “Biking is an extremely important part of my training routine, and I like to invest in what I know.”

James has used Cannondale bikes in his summer "King for Kids Bike-a-thon" charity bike event in his hometown of Akron, Ohio, for the past several years. For the 2006 bike-a-thon, Cannondale made a custom bike for James based on the Caffeine model.

The 22-year-old basketball star has stated in the past that his goal is to be the world's first billionaire athlete. James has endorsement deals with Nike, Sprite, Bubblicious and others totaling more than $150 million.
New home will have barber shop and two-story closet

Updated: March 27, 2007, 6:19 PM ET
New home will have barber shop and two-story closet

AKRON, Ohio -- LeBron James' new house is shaping up as a palace fit for a king -- with a theater, bowling alley, casino and barber shop.

The 35,440-square-foot house in Bath Township, about 20 miles south of Cleveland, is under construction and is to be finished next year. It is being built on 5.6 acres of land that was purchased with an 11-bedroom house in 2003 for $2.1 million. The Cleveland Cavaliers All-Star and Akron native razed the house to clear the way for the new one.

A first-floor master suite, which includes a two-story walk-in closet, will be about 40 feet wide and 56 feet long -- bigger than half the houses in Bath Township.

The house has a dining hall, roughly 27 feet by 27 feet, a "great room" at 34 feet by 37 feet and a bigger, two-story "grand room," according to the Akron Beacon Journal, which reported on the blueprints.

While waiting for the home to be finished, James splits his time between a huge apartment in downtown Cleveland and a relatively modest four-bedroom house in Medina County west of Akron. He paid $580,000 for the house in 2005.

The new house already has begun to draw the curious.

"People who come to photograph it are disrespectful," said Tom Bader, one of nine immediate next-door neighbors. "They park their car in the middle of the street -- with their doors open! And you're sitting behind them! All I wanna do is go home after a hard day's work."

Copyright 2007 by The Associated Press
Lebron's 29er...

Top Bottom