Maverick Carter, LeBron James’ business manager, has been recruited as an advisor to a group of investors seeking to raise $5 billion to create an international Basketball league aimed at rivaling the NBA, sources report to ESPN. thus confirming information initially broadcast by Bloomberg.
This group, which includes several private equity funds, plans to form a league composed of six men’s teams and six women’s teams, playing matches around the world, according to the same sources.
Although Carter has a close relationship with the Los Angeles Lakers star, it should be noted that James is not participating in this initiative, as clarified by ESPN’s sources.
LeBron James, whose current contract with the Lakers includes a player option for the 2025-26 season, has expressed interest in becoming an NBA franchise owner once his playing career is over.
Bloomberg reported that the investment group could try to tap private equity and sovereign wealth funds to raise the $5 billion needed. Currently, private equity funds are limited to a 20% stake in NBA teams and cannot hold management roles.
-The NBA has not faced a significant 5-on-5 league rival since the 1970s, when the short-lived American Basketball Association ceased operations and the NBA absorbed four of its teams: the Pacers , the Nets, the Nuggets and the Spurs. The WNBA was preempted in the marketplace by the rivalry of an American Basketball League in the 1990s, although that league folded after just 2.5 seasons.
This season, a new 3-on-3 women’s soccer league, Unrivaled, emerged and signed many of the WNBA’s top stars, although rookie sensation Caitlin Clark opted out.
Takeaways
- Maverick Carter plays a key role as an advisor for this new international basketball league project.
- This initiative aims to create competition for the NBA with men’s and women’s teams.
- LeBron James, although linked to Maverick Carter, will not participate in this specific project.
- The NBA hasn’t seen serious opposition since the ABA’s demise in the 1970s.
- The women’s football landscape is evolving with the emergence of new leagues, such as Unrivaled.
The initiative to create an international basketball league could open up new perspectives for the sport, both commercially and in terms of global visibility. While the growing interest in women’s basketball is also to be considered, it is legitimate to wonder how these developments will influence the dynamics of the NBA and the way in which athletes position themselves in a constantly evolving sporting environment. What will be the real consequences of this emerging competition on already established players?
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- Source : https://www.espn.com/nba/story/_/id/43441356/sources-maverick-carter-advising-5b-effort-start-new-basketball-league
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