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.
There aren’t many details yet, but Singapore has been pinned as one of the cities where games would take place. The teams would rotate through cities, staying in each spot for two weeks. James is said not to be an investor in the venture.
It’s unclear which players this league would be for, especially as leagues across Europe and Asia already attract the best talent not in the NBA. As of right now, this certainly wouldn’t attract top NBA talent, but that could change. 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…
