Maverick Carter, renowned business manager of LeBron James, has been called upon as an advisor by a group of investors seeking to raise 5 billion dollars to establish an international basketball league that would compete with the NBA, as reported by ESPN, confirming an initial report by Bloomberg published on Thursday.

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.

LeBron James' manager Maverick Carter is reportedly involved in an effort to launch a new league that would rival the NBA.