Why NBA stars like James Harden and LeBron James invest in soccer clubs

22 July 2019 09:00
Even though MLS clubs cannot compete with the other US sports leagues in terms of income, soccer is seen as a growing market for wealthy athlete-investorsJames Harden’s summer of soccer continues. Earlier this month, the 2018 NBA Most Valuable Player had a kickaround at Arsenal’s Emirates Stadium. And he was at NRG Stadium in Houston on Saturday, enjoying Bayern Munich’s 3-1 win over Real Madrid while his new club picked up three points in Toronto. Two days prior, the Houston Dynamo and Houston Dash announced that Harden has purchased a minority stake in the group that controls the MLS and NWSL clubs and their 22,000-capacity stadium.In simpler and less lucrative times, sports stars might have been content to open a memorabilia-filled steakhouse or bar in the cities where they became local legends. Now they are so wealthy – Harden’s salary for the coming season is $38m – that they have asset managers and strategic investment portfolios. Related: Bob Bradley recovers from Swansea nightmare as LAFC take MLS by storm Continue readingreadfullarticle

Source: TheGuardian