A group of investors, including Maverick Carter, LeBron James’ business partner, is attempting to raise $5 billion to launch a new international basketball league. This league would offer players equity, potentially attracting top talent away from the NBA. The league plans to feature 12 teams, split evenly between men’s and women’s teams, and will play games in eight cities worldwide, with Singapore confirmed as one of the locations. The investors are working with UBS and Evercore to secure funding from sovereign wealth funds, institutional investors, and wealthy individuals. The league’s structure will follow a model similar to Formula 1, spending two weeks in each city. The NBA has not yet responded to inquiries about this new league, which aims to rival its international presence.
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