Inside the billion-dollar blueprint for life after LeBron

Opening Bid

Laying the groundwork for the post-LeBron playing career investment portfolio, Yahoo Finance executive editor Brian Sozzi welcomes Klutch Sports founder and CEO Rich Paul to the Opening Bid mic at the Milken Institute Global Conference. Paul is seen as one of the most powerful agents in the world of sports. His first big client was NBA great LeBron James. The two met in 2002 at the Akron-Canton Airport, where a young James was impressed by a jersey Paul was wearing. Numbers were exchanged, and the two stayed in close contact. Paul went on to found Klutch Sports in 2012 in Cleveland, with James becoming a client. Klutch Sports now represents more than 300 athletes and is responsible for inking more than $400 billion in contracts. Other big-name clients Paul represents include NBA star Draymond Green and NFL phenom Jalen Hurts. Talent agency UTA made an undisclosed investment in Klutch Sports in 2019 — Paul is now the head of UTA Sports as well. Paul takes us inside what LeBron’s post-playing career life may look like and what the business of sports is shaping up to be over the next decade.

Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.

Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/.

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Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms

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