Overview

• Maverick Carter, LeBron James' business partner, is advising a group of investors seeking to raise $5 billion to establish a global basketball league.
• The league would feature six men's and six women's teams, rotating games across eight cities worldwide for two weeks at a time, similar to Formula 1's structure.
• Backers include Skype co-founder Geoff Prentice, former Facebook executive Grady Burnett, and private equity firm SC Holdings, with fundraising supported by UBS and Evercore.
• LeBron James is not involved in the project, as confirmed by multiple sources, despite his close ties to Carter and interest in NBA team ownership post-retirement.
• The NBA is also exploring international expansion, with Commissioner Adam Silver discussing the potential for a European league in partnership with FIBA.