The NBA world was hit with a Windbomb late Friday when ESPN’s Brian Windhorst reported Cavs star guard Kyrie Irving asked Cleveland’s front office to trade him. It was a move that blindsided LeBron James but the four-time MVP doesn’t seem too worried now that the news is out in the open.
Less than two hours after Windhorst’s initial report made basketball fans sprint toward the NBA Trade Machine, James hopped on Twitter to give a shoutout to former Heat teammate Ray Allen. He referred to Allen as his He Got Game character, Jesus Shuttlesworth.
LeBron and I have always been about finding companies that we truly believe in and putting real money into them, James’ business partner Maverick Carter said, via ESPN. We’re not talking putting in $15,000 or $20,000. It’s real money plus the expertise, understanding and knowledge that we bring, as well as bringing LeBron’s name and likeness to the product.
James and Carter turned another investment into nearly $30 million when Beats by Dre sold to Apple for $3 billion in 2014. Surprisingly, James might be able to double his Beats by Dre profit as Blaze Pizza has a goal of opening 1,000 stores and $1 billion in sales by 2022.
We don’t typically advocate for our clients to invest in food businesses, James’ financial adviser Paul Wachter said. The risk-reward equation is not generally that great, and there’s a lot of grinding and blocking and tackling and it takes a while for a concept to go global.
With just over 200 stores created in four years, Blaze Pizza was recently valued at $250 million.