Maverick Carter Advisers NBA League

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new international basketball league

CNBC

•

Sports

Investors pitch new international basketball league that would offer players equity

Summary

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85% Informative

Maverick Carter , LeBron James' business partner, is advising a group of investors who are trying to raise $5 billion to form a new international basketball league.

The league would consist of both men's and women's teams and plans to play in eight markets.

Players will be offered an equity stake in the league, people familiar with the matter said.

It's unclear which players the league would target or when it could start.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language