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.

The league would consist of six men's and six women's teams playing in eight international cities on a rotating schedule.

One way this could rival the NBA at some point is the possibility for players to get equity in the league, allowing them to make even more money. It's similar to what WNBA players have just created with the Unrivaled 3-on-3 basketball league,

Maverick Carter, LeBron James' business manager, is reportedly part of a group looking to form a league that will rival the NBA.

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,

With LeBron James’ career in the NBA (presumably) nearing an end, his manager may soon be trying to compete with the NBA.

While LeBron James is still on the court for the Lakers, his business manager Maverick Carter is involved with a new international league. Here's what you need to know.

In a bold move that could shake up the basketball landscape, Maverick Carter, LeBron James’ trusted business manager, has been enlisted as an adviser by a group of investors aiming to raise $5 billion to launch an international basketball league that would directly rival the NBA.

LeBron James’ business partner and Klutch Sports Group Founder Maverick Carter is looking to own an international league. Since 2006, Carter has been working alongside James within the business world.

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.