A proposed international league described as the F1 of basketball gained attention over the weekend when Misko Raznatovic, the agent for Denver Nuggets star Nikola Jokic, posted a photo on Instagram of him meeting in shorts and bare feet with LeBron James and the Lakers star’s business partner Maverick Carter on a yacht off the coast of the French Riviera.
Raznatovic accompanied the photo with an intriguing comment: “The summer of 2025 is the perfect time to make big plans for the fall of 2026! @kingjames @mavcarter
The post triggered speculation that perhaps James and Jokic could team up on either the Lakers or Nuggets, but more likely it suggests James has more than a peripheral interest in the new league.
Front Office Sports reported in January that Carter was advising a group of investors trying to raise $5 billion to jump-start the league but that James wasn’t involved. That may have changed.
So what’s the league about?
Early discussions are of a touring model with six men’s and six women’s teams playing in eight cities, none of which is likely to be in the United States. Investors include the Singapore government, SC Holdings, the Saudi Arabian Public Investment Fund, a Macau casino operator, UBS, Skype founder Geoff Prentice and former Facebook executive Grady Burnett, according to the Financial Times. Reports have linked VC firm Quiet Capital, tech investor Byron Deeter and Hong Kong-based Galaxy Entertainment to the effort.
Investors are leaning toward not allowing players in the league unless they cut ties with the NBA, making the model somewhat like LIV Golf — the professional circuit funded by (PIF). A better comparison in terms of format and scale might be Formula 1 Racing, which holds 24 races a year across five continents.
Raznatovic’s involvement would be key. His Belgrade, Serbia, agency BeoBasket has a partnership with Excel Sports Management and represents dozens of top European players, including Clippers center Ivica Zubac.
The EuroLeague is currently recognized as the world’s second-best basketball circuit, but can’t come close to paying players NBA-level salaries.
If Raznatovic’s social media post is an indication, the new league could launch as soon as the fall of 2026. Until then, fans wanting an alternative to the NBA can check out Ice Cube’s tour-based Big3 basketball league, which makes its single stop in Los Angeles on Aug. 9.
The LA Riot, coached by Nick Young and starring Dwight Howard and Jordan Crawford, will play the Boston Ball Hogs at the Intuit Dome at 1 p.m. PDT.
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