Printer Friendly
The Free Library
14,632,879 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Lebron James makes a smart business play: agency building a brand and a neighborhood one goal at a time.


AT AGE 21, CLEVELAND CAVALIER LEBRON JAMES LeBron James (born December 30 1984) is an American professional basketball player who currently plays for the Cleveland Cavaliers of the National Basketball Association (NBA).  has done the impossible. He's lived up to the King James hype on and off the court. Now James wants to prove himself in the boardroom as a founder of a newly formed sports marketing Sport marketing (or "sports marketing" in the US) (1) the specific application of marketing principles and processes to sport products (e.g., teams, leagues, events, etc.) and (2) the the marketing of non-sports products (e.g., cigarettes, beer, long-distance phone service, etc.  agency, LRMR Innovative Marketing and Branding. Formed with James' high school friends, the company's name derives from the first letters in the four associates' first names: LeBron James; Randy Mims, 30; St. Vincent-St. Mary High School teammate Maverick Carter, 24; and Richard Paul This article's grammar usage needs improvement. Please edit this article in accordance with Wikipedia's . , 27.

LRMR has set expansive goals. One is to turn James into a global icon by Aug. 8, 2008, the same day the U.S. Olympic team arrives in Beijing for the Summer Games This article is about the Epyx video game series. For the international multi-sport event, see Summer Olympic Games.
Summer Games is a sports video game developed by Epyx and released by U.S. Gold based on sports featured in the Summer Olympic Games.
. Another is to "change the sports marketing prism through leveraging of sports, celebrity, and corporate infusion partnerships," says James.

James has successfully renegotiated a three-year, $60 million contract with the Cleveland Cavaliers The Cleveland Cavaliers (also known as the Cavs) are a professional basketball team based in Cleveland, Ohio. They began playing in the National Basketball Association (NBA) as a 1970 expansion team and won their first Eastern Conference Championship in 2007. . Meanwhile, Carter has been busy building relationships with powerful brands, including Microsoft and Boost Mobile.

Aside from his business, James is a socially conscious investor concerned with the well-being of the community. LRMR is among the investors in a $4.7 million 18-unit development project in the Glenville neighborhood of Cleveland. The project features townhouses expected to sell for $265,000 to $325,000.

James adds, "Global iconic i·con·ic  
adj.
1. Of, relating to, or having the character of an icon.

2. Having a conventional formulaic style. Used of certain memorial statues and busts.
 status on the court, in the boardroom, and in the community is the goal," and we can all watch LRMR rise to the occasion.
COPYRIGHT 2006 Earl G. Graves Publishing Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:SPORTSBIZ
Author:Williams, Latesha
Publication:Black Enterprise
Date:Dec 1, 2006
Words:243
Previous Article:Coca-Cola bottler up for sale: CEO J. Bruce Llewellyn seeks retirement.(B.E. 100s)
Next Article:Is Bush stemming ad dollars to black media? Kerry condemns Bush administration's failure to adhere to 2000 executive order.(WASHINGTON REPORT)



Related Articles
JAMES' GAME BIG ON STYLE, NOT WINNING.(Sports)(Statistical Data Included)
JAMES BRINGS HIS STARDOM TO L.A.(Sports)(Statistical Data Included)
JAMES BRINGS HIS STARDOM TO L.A.(Sports)(Statistical Data Included)
CLIPPERS WIN 4TH IN A ROW CLIPPERS 94, CLEVELAND 82.(Sports)
CLIPPERS EXTEND WIN STREAK CLIPPERS 94, CLEVELAND 82.(Sports)
LAKERS NOTEBOOK: BRYANT SHOWS OFF HIS KILLER INSTINCT TO JAMES.(Sports)
ROLE MODEL CLEVELAND'S JAMES HAS BECOME AN ADVERTISER'S DREAM: AN ATHLETE WILLING TO WORK WITH SPONSORS.(Sports)
BONANZA FROM THE BUCKEYE STATE TROJANS ADD MAYO NATION'S TOP BASKETBALL RECRUIT, A GUARD OUT OF CINCINNATI, APPARENTLY IS HEADING FOR USC.(Sports)
CLIPPERS THROW AWAY PRECIOUS MOMENTUM CAVALIERS BURY L.A. LATE FOR WIN CLEVELAND 104, CLIPPERS 92.(Sports)
L.A. CONFIDENTIAL.(Sports)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles