Now, if you never understood why celebrities go broke despite all the millions they make, this is just one of the steps in the explanation in the wealth of celebrities come crashing down as fast as they achieve it, bad business decisions. When it comes to business, loyalty, trust, and dedication are all assets which makes for a good connection and such was the case for Lebron and agent Leon Rose whose agency was responsible in landing Lebron in Miami where he finally earned his first championship.
Now, to show Rose his appreciation, Lebron is said to have parted ways with the respected agent to join his long-time friend Rich Paul, who worked for CAA agency for 4 years and recently started his own company, Klutch Sports Management and has managed to convince Lebron to be his first client. Why Lebron would leave an experienced agent and company and put his business dealings with a start-up company at this point in his career is just stupid.
Via USA Today