Overview

• Multiple sources confirmed that a July meeting on a yacht in Saint-Tropez between LeBron James, Maverick Carter and agent Miško Ražnatović focused on Carter’s planned international league, not a trade or player move.
• The consortium advised by Carter is seeking to raise $5 billion, with backing already secured from the Singapore government, SC Holdings, Saudi Arabia’s Public Investment Fund and UBS.
• The proposed structure calls for six men’s and six women’s teams to tour eight global cities in a format modeled on LIV Golf and Formula One.
• Players in the new league are expected to receive equity stakes, challenging current NBA rules that prohibit active athletes from holding ownership.
• The venture is targeting a fall 2026 launch as the NBA pursues its own Europe-based competition with FIBA and schedules more regular-season games abroad.