LeBron James' business partner and longtime ally, Maverick Carter, is reportedly advising the group and its $5B venture

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,

Bloomberg News reports Akron native Maverick Carter has a role in advising an investment group that wants to start a rival pro baskeball league.

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.