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,

Maverick Carter, LeBron James' business manager, is reportedly part of a group looking to form a league that will rival the NBA.

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