NBA Player LeBron James Buys Minority Interest in Cannondale

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NBA Player LeBron James Buys Minority Interest in Cannondale

My sister Julie Howson pointed out that Cleveland Cavaliers star LeBron James purchased a minority stake in bike manufacturer Cannondale, according to a report in The Cleveland Plain Dealer. James reportedly said, "Cannondale is one of the premier cycling companies in the industry.... Biking is an extremely important part of my training routine, and I like to invest in what I know."

LeBron James hosts King for Kids Bike-a-thon each year in Akron, a small city near Cleveland. Last year he rode a custom-made Cannondale in this event, and now uses that bike in his off-season training.

A photo gallery of the 2006 King for Kids Bike-a-thon is on the Cleveland Cavaliers' website. Most of the bikes ridden by NBA stars appear to be city bikes and hybrids rather than road bikes.

Posted by Dave Aiello on March 27, 2007 9:00 AM | Permalink

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