LeBron James' manager 'leading talks over $5b international basketball league aimed at being 'the F1 of hoops'

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LeBron James' manager 'leading talks over $5b international basketball league aimed at being 'the F1 of hoops'

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LeBron James' long-time manager Maverick Carter is on the hunt for $5 billion in capital for a startup new basketball league. As first reported by Bloomberg, Carter is advising a group of investors, which includes private equity funds. Bloomberg has also reported the investment group could seek contributions from sovereign wealth funds. The group of investors has turned to Evercore Inc. and UBS Group AG to help reach that goal via sovereign wealth funds, per Bloomberg.
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