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

Maverick Carter, longtime close friend and business partner of LeBron James, is an advisor to a group of investors looking to form an international basketball league, per Bloomberg. The investors are seeking $5 billion from private capital sources to create a league of six men's and six women's basketball teams that will tour around the globe across different cities to play.

The league would consist of six men's and six women's teams playing in eight international cities on a rotating schedule.

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,

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,

League would comprise six men’s and women’s teams, with games played in eight cities around the world on a schedule modelled on Formula One.