One of LeBron James’ business partners is advising a group of investors interested in trying to form an international basketball league to compete with the NBA.
A report from Bloomberg linked Maverick Carter to the group looking to raise $5 billion from private capital sources.
UBS Group AG and Evercore Inc. are involved in helping raise funds.
The league would be made up of six men’s and women’s teams and games would be played in eight cities globally.
Maverick Carter attends a basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena on March 10, 2024 in Los Angeles, California.The league would spend two weeks in each city and would be shaped similarly to the way Formula 1 operates with races in various cities during its racing season, Bloomberg reported.
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