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

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,

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 NBA could have some international competition if a group of investors being advised by Maverick Carter, LeBron James' business manager, follows through on its ambitions. Among the investors seeking to raise $5 billion to form an international basketball league are Skype co-founder Geoff Prentice,

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.

A group of investors being advised by Maverick Carter is seeking to raise $5 billion from private capital sources to form an international basketball league to rival the NBA.