LeBron James' business partner and longtime ally, Maverick Carter, is reportedly advising the group and its $5B venture

Maverick Carter, Lebron James’ business partner, is advising a group of investors looking to put together an international basketball league. UBS and Evercore are advising on the deal, while early backers include tech executives and a private equity firm with a stake in Carter and James’ media company.

A group of investors being advised by Maverick Carter, Los Angeles Lakers star LeBron James’ business partner, is seeking to raise $5 billion from private capital sources to form an international basketball league to rival the National Basketball Association,

The investors are looking to raise $5 billion to start a basketball league that could offer players equity to potentially lure them away from the NBA.