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Maverick Carter, LeBron James’ business manager, has joined a group of investors aiming to create a $5 billion international basketball league to rival the NBA, featuring six men’s and six women’s teams. Despite Carter’s involvement, sources state that LeBron James is not part of this new league initiative, although he has shown interest in owning an NBA team post-retirement. The investment group may seek funding from private equity and sovereign wealth funds, with the NBA not having faced a significant 5-on-5 league competitor since the 1970s.
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