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Fri, January 17, 2025
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Report: Investors seeking $5 billion to launch in .. nal basketball league, advised by Maverick Carter

Report: Investors seeking $5 billion to launch international basketball league, advised by Maverick Carter


Published on 2025-01-17 01:45:27 - MSN
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  • The NBA could have some international competition if a group of investors being advised by Maverick Carter, LeBron James' business manager, follows through on its ambitions. Among the investors seeking to raise $5 billion to form an international basketball league are Skype co-founder Geoff Prentice,

The article from MSN discusses a report by Sportico detailing a group of investors, including notable figures like Jeff Bezos' firm, Nike, and Fenway Sports Group, who are seeking to raise $5 billion to launch a new international basketball league. This league, advised by Maverick Carter, aims to rival the NBA by offering high salaries to attract top talent globally. The initiative includes plans for a 12-team league with a focus on international markets, potentially starting in 2028, and has already garnered interest from investors like Laurene Powell Jobs and Bob Iger. The league's strategy involves leveraging the global appeal of basketball to create a competitive alternative to the NBA, with significant financial backing to ensure its success.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/sports/other/report-investors-seeking-5-billion-to-launch-international-basketball-league-advised-by-maverick-carter/ar-AA1xlJk6 ]
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