Maverick Carter Advises $5 Billion Effort to Launch Global Basketball League

The proposed league, modeled after Formula 1, aims to feature 12 teams playing across eight international cities, with no involvement from LeBron James.

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.

South China Morning Post

New York Post