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.

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

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,

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.