Dwyane Wade Joins LeBron James & More In The A-List Group Of Black Celebs Who Own An MLS Team
Photo Credit: Taylor Hill/Kevin Winter
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Dwyane Wade Joins LeBron James & More In The A-List Group Of Black Celebs Who Own An MLS Team

Dwyane Wade knows the value of a good hustle.

In addition to his investment in the cannabis industry, the skincare industry, and even a stake in the Utah Jazz, the NBA star and Gabrielle Union’s hubby has just announced that he’s invested in a Major League Soccer (MLS) team.

Essentially Sports reports that the news is part of a deal made by Smith Entertainment Group, which Dwyane Wade joined when the company invested in the Utah Jazz. Now, however, Smith Entertainment Group has invested in the Real Salt Lake franchise. The purchase was confirmed by the franchise itself. Wade himself subsequently confirmed the announcement on Twitter.

While the percentage investment was not made clear with the announcement, Wade has been confirmed as part of the deal.

The outlet reports that the team has a bright future.

“RSL FC is coming off an incredible run in the MLS Playoffs where they made the Western Conference Finals. This came after they barely made the playoffs at the end of the regular season. However, their heart and hustle showed that this team might have a bright future,” reports the outlet.

Apart from Dwyane Wade, These Other Celebrities Have Invested in Soccer Teams

Dwyane Wade isn’t the only NBA star, or celebrity, who has an investment in soccer teams.

To start, LeBron James has an investment in soccer. The modern-day basketball legend has reportedly invested $6.5 million to purchase a minority stake in the Merseyside club, Liverpool.

As for other NBA stars, Kevin Durant has a five percent ownership in the Philadelphia Union, and James Harden has a five percent ownership in the Houston Dynamo.

And while it’s unclear why so many NBA stars (including, now, Dwyane Wade) have so much vested interest in soccer teams, what’s clear is that this seems to be another way for Black athletes to grow and sustain their wealth. And, certainly, congratulations are in order for that.

As AfroTech previously reported, Rapper Yo Gotti has invested in DC United, which has a $730 million valuation. Plus, tennis champ Naomi Osaka, too, has invested in a women’s soccer team. And Russell Wilson, one of the wealthiest athletes in the world, has invested in Seattle Sounders, an MLS team, based in their home base of Seattle, WA.