A high-profile meeting last week in France between LeBron James, his business partner Maverick Carter and Nikola Jokić’s agent Miško Ražnatović was about plans for a new $5bn international basketball league, according to a report by Front Office Sports, which cited multiple sources familiar with the matter.

The proposed league, spearheaded by Carter, would feature six men’s and six women’s teams that travel together to eight global cities in a touring format. Inspired by LIV Golf and Formula One, the league aims to offer players equity stakes, something NBA rules currently prohibit for active athletes.

Ražnatović, a powerful figure in European basketball, posted a photo of the meeting on Instagram over