LeBron James Boasts About '300 Mil Later' After Rich Paul Klutch Sale to UTA
Rich Paul sold a stake of his agency Klutch Sports to the Hollywood agency UTA today, as Marc Stein of the New York Times first reported in a story worth reading. While the price and stake amount of the sale were undisclosed, LeBron James sent the following tweets shortly after the announcement:
Proud of you my brother!! You have no idea how much so. Continue to change the narrative & push the culture! So many kids in our community look up to you for inspiration as well. You are setting a great example of hard work, dedication and taking an opportunity to the max! ??❤️✊? https://t.co/M9yn5MJ4Hd
— LeBron James (@KingJames) July 17, 2019
I had it laid out before you knew what a plan was
— LeBron James (@KingJames) July 17, 2019
Three Hundred mil’ later, NOW you understand us! ??♂️?
It should be noted that LeBron did not have an ownership stake in Klutch; that would not be allowed by NBA league rules while he is currently a player. On a 2017 podcast, Brian Windhorst said that the NBA investigated whether LeBron had equity in Klutch and determined that he did not.
However, it would not be unreasonable to believe that LeBron James and Rich Paul intend to buy an NBA team, either together or perhaps even separately. Here was Paul broaching the subject extemporaneously last week in an interview with SiriusXM NBA:
"No, I don't run the Lakers."@RichPaul4 sets the record straight with @EvCoRadio @DarthAmin and @talkhoops
— SiriusXM NBA Radio (@SiriusXMNBA) July 7, 2019
Hear the full in depth interview on the @siriusxm app #LakeShow #LakersNation pic.twitter.com/DeLK7jeIWi
Asked if he would want to run an NBA team later in his life, Paul answered, “No, not run one — maybe buy one.”
It shouldn’t surprise anyone if LeBron and Rich Paul join the NBA ownership ranks when LeBron is done playing basketball.