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,

Maverick Carter, longtime close friend and business partner of LeBron James, is an advisor to a group of investors looking to form an international basketball league, per Bloomberg. The investors are seeking $5 billion from private capital sources to create a league of six men's and six women's basketball teams that will tour around the globe across different cities to play.

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.