
A group of investors, advised by Maverick Carter, business partner of Los Angeles Lakers star LeBron James, is making a bold move to create a global basketball league that could rival the NBA. The initiative aims to raise $5 billion from private capital to fund the venture, which will feature both men’s and women’s teams.
According to a report from Gillian Tan, Matthew Monks, and Michelle F. Davis of Bloomberg, the proposed league will consist of six men’s and six women’s teams. The games will be played in eight cities around the world, with each city hosting two-week events. This international rotation is designed to mimic the schedule of Formula 1 races, providing a unique global experience for players and fans alike.
Singapore has been confirmed as one of the cities where games will take place, and the league’s format will allow for a diverse range of international teams to be represented. The involvement of Carter, known for his work with LeBron James, adds a layer of credibility and influence to the league’s ambitions.
While the details are still emerging, the project has the potential to disrupt the global basketball landscape. With $5 billion in private capital being sought, the backing for this project appears substantial, though it remains to be seen how it will compare to the established dominance of the NBA.