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Yo Gotti Reaches Agreement To Purchase Stake In Major League Soccer Team

Photo: Getty Images

Jay-Z isn't the only hip hop artist using his money for sport. According to reports, Yo Gotti is currently apart of a group set to invest in Major League Soccer team D.C. United. The Washington Post reports that Gotti is joining forces with petroleum executive Eyob “Joe” Mamo and several other people in the national business sector to invest in the team.

No word on who the other four investors are, but if the deal goes through, Gotti and crew are expected to gain a six percent stake in the Major League Soccer organization. The Collective Music Group founder sparked speculation about his business dealings with the soccer league last month after he was spotted meeting with Commissioner Don Garber during the MLS All-Star in Los Angeles. The Memphis native's several year long friendship with United’s co-chairmen, Jason Levien and Steve Kaplan -- major investors in the NBA's Memphis Grizzlies -- may also give him a leg up in sealing the deal. However, neither Gotti or the league's spokesperson have commented on the reported investment.

The "Down In The DMs" rapper has been making major boss moves over the last couple of years. With his label Collective Music Group, he launched the careers of some of the highest charting hip hop artists of today, including Moneybagg Yo, EST Gee and 42 Dugg. Back in July, Rap Caviar recognized Yo Gotti as their “All-RapCaviar Coach Of The Year” thanks to the success of all the artist on his flourishing record label.

Major moves are being made by the Memphis maven.