A group of investors being advised by Maverick Carter, Los Angeles Lakers star LeBron James’ business partner, is seeking to raise $5 billion from private capital sources to form an international basketball league to rival the National Basketball Association,

A group of investors, backed by a number of private equity funds, are "seeking to raise $5 billion to form an international basketball league," according

Maverick Carter, LeBron James' business manager, has been enlisted as an adviser by a group of investors seeking to raise $5 billion to form an international basketball league that would serve as a rival to the NBA,

While LeBron James is still on the court for the Lakers, his business manager Maverick Carter is involved with a new international league. Here's what you need to know.

LeBron James’ business partner and Klutch Sports Group Founder Maverick Carter is looking to own an international league. Since 2006, Carter has been working alongside James within the business world.

One of LeBron James’ business partners is advising a group of investors interested in trying to form an international basketball league to compete with the NBA. A report from Bloomberg linked Maverick Carter to the group looking to raise $5 billion from private capital sources.