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Monday, June 24, 2024

James Harden Acquiring Minority Stake In Houston Dynamo, Dash

May 10, 2019; Houston, TX, USA; Houston Rockets guard James Harden (13) in game 2 before game six of the second round of the 2019 NBA Playoffs at Toyota Center. Mandatory Credit: Thomas B. Shea-USA TODAY Sports
Photo Credit: Thomas B. Shea-USA TODAY Sports

Houston Rockets superstar James Harden is acquiring a minority stake in the Houston Dynamo and Houston Dash organization, according to multiple industry sources.

Harden, who in 2017 signed a then-NBA record $228 million dollar contract extension with the Rockets that runs through the 2022-2023 season, is expected to acquire a 5% stake in the organization, sources said.

This new 5% acquisition will value the organization at well over $475 million, according to sources.

The ownership group is led by majority owner Gabriel Brener, who acquired that control share of the organization from AEG in 2015 for an undisclosed amount.

Brener had previously been a minority shareholder in the organization dating back to 2008. Other members of the ownership group include former boxing champion Oscar De La Hoya, Portland-based philanthropist and investor Jake Silverstein, and Houston-based businessman Ben Guill.

No members of the current ownership group will be leaving as a result of Harden’s acquisition.

The organization oversees both the MLS and NWSL clubs, as well as BBVA Stadium, where both clubs play.

It is expected that the transaction will be announced publicly in the coming days. A spokesperson for Dynamo declined to comment.

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