3 hours ago

LeBron's Partner Guides $5 Billion Bid to Challenge NBA Global Dominance

LeBron's Partner Guides $5 Billion Bid to Challenge NBA Global Dominance
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7 Highlights
  • Investors raise $5B for NBA rival led by Maverick Carter.
  • New league to have 12 teams in various cities worldwide.
  • Inspired by LIV Golf, aims to attract top global talent.
  • Includes men's and women's teams in a global format.
  • Maverick Carter involved due to strong business connections.
  • High NBA salaries challenge attracting top players.
  • Private equity and sovereign funds back the new league.
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