Rapper Yo Gotti is set to purchase a 1% stake in Major League Soccer side D.C. United.
Gotti is part of an investment group that includes petroleum executive Eyob “Joe” Mamo, that will gain about a 6% stake in the MLS club. The club’s valuation has skyrocketed in the past few years with the rise of the MLS. The franchise is currently valued $730M.
The average MLS franchise value has grown by almost 200% in the last 5 years. At this growth rate, Gotti’s 1% stake (worth $7.3M) could end up worth well over $20M in just 5 years.
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.
D.C. is currently ranked 8th in the Eastern Conference on 34 points after a round of 25 games. It is two points ahead of David Beckham’s Inter Miami and 3 points below Montreal Impact, home to Victor Wanyama that lies at position 5 on the standings.