MLS side D.C. United has announced that the club has brought on a new investor: Memphis-based hip-hop artist and record label owner Yo Gotti, who purchased a small share in the club at a reported valuation of $730 million.
Gotti, whose given name is Mario Mims, has had a string of top-10 hits over the course of his 20-year music career and his label, Collective Music Group, features artists like Moneybagg Yo, whose latest album debuted at No. 1 on the Billboard 200 in April.
Major League Soccer’s most decorated club also welcome Adam Gerry, Chief Executive Officer of Granite Associates, Inc., Jake Silverstein, current co-owner of English Championship club Swansea City A.F.C. and former owner of Houston Dynamo FC and the Houston Dash, and local Washington, D.C. businessman, Joe Mamo to the club.
Back in August, the CMG label boss met with MLS commissioner Don Garber when he made an appearance at the MLS All-Star Game. He is also believed to have a great relationship and understanding with D.C. United’s co-chairman Jason Levien and Steve Kaplan.
Apart from Gotti, other celebrities who have invested in the MLS are Lebron James, Kevin Durant, James Harden, and Patrick Mahomes. Actors Ryan Reynolds, Matthew McConaughey and Natalie Portman have also tapped into the MLS.