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.

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

The group of investors is trying to raise $5 billion for an international league that would consist of 12 teams - six each for men and women.