One of LeBron James’ business partners is advising a group of investors interested in creating an international basketball league to compete with the NBA.

A report from Bloomberg links Maverick Carter to the group, which is looking to raise $5 billion from private capital sources.

UBS Group AG and Evercore Inc. are involved in the fundraising.

The league would consist of six men’s and women’s teams and games would be played in eight cities worldwide.

The league would spend two weeks in each city and would be structured similarly to Formula 1, which holds races in different cities during its racing season, Bloomberg reported.

Skype co-founder Geoff Prentice, former Facebook executive Grady Burnett and investment firm SC Holdings were also named as backers of the potential league.

Front Office Sports confirmed the Bloomberg report and added that James was not involved in the effort.

It is unclear if and when the potential league will be revealed.

James and Carter are childhood friends who co-founded The SpringHill Company in 2020.

The duo also launched the brand UNINTERRUPTED together.