# @afrugalathlete on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/ChASP1ELJDE
- **Gondola URL:** https://gondola.cc/posts/4357993-afrugalathlete-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/9edfa0dea4.jpg
- **Posted:** 2022-08-08T16:00:55.000+00:00
- **Account Owner:** AFrugalAthlete (@FrugalAthlete) — https://gondola.cc/FrugalAthlete

## Caption

LeBron James and Maverick Carter's LRMR Ventures along with SC.Holdings, a private equity and strategic advisory firm, have invested $30 million in Canyon Bicycles, a direct-to-consumer bicycle brand. Their investment values Canyon at $750 million and will be used to help the German-based company expand in the U.S.⁣
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It's no secret that Lebron has a very large investment portfolio (which includes investments in 3 major league teams). However, the U.S. bicycle market grew during the pandemic, making this a good addition to his portfolio.⁣
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[source: @frontofficesports]⁣
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#LebronJames #LRMRVentures #Canyon #investing #moneymanagement #businessportfolio #partnership #cycling

## Stats

- **Views:** 0
- **Likes:** 27
- **Shares:** 0
- **Comments:** 2

## Tags

lrmrventures, partnership, lebronjames, businessportfolio, investing, cycling, moneymanagement, canyon

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