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.
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.