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,

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 NBA, according to people familiar with the matter.

The group of investors is trying to raise $5 billion for an international league that would consist of 12 teams - six each for men and women.

Maverick Carter, the longtime business manager of NBA superstar LeBron James, is at the center of all of this. LeBron's alleged involvement The mere mention of James in a huge development like this has set off a firestorm of opinions.

LeBron James has made it abundantly clear that one of his post-playing plans involves owning an NBA team. As such, it's unsurprising he won't be involved in business manager Maverick Carter's ambitious plan to start a global basketball league rivaling the NBA.