James Harden has purchased a minority five percent stake in the Houston Dynamo of the MLS.

The overall valuation of the Dynamo, Dash and BBVA Stadium is at least $475 million

"I'm very excited about the opportunity to join the ownership group of the Houston Dynamo and Houston Dash and proud to be a part of a club with tremendous history and a great future," Harden said in a statement issued on the Dynamo's website.

"Houston is my home now, and I saw this as a way to invest in my city and expand my business interests at the same time. Soccer in general, and especially MLS, have exploded in this country throughout my lifetime. I've been a fan of the game for several years, and I know that Houston has a massive soccer fanbase, so it was an easy decision for me when this opportunity arose."