Dwyane Wade has continued to maintain the spotlight on himself even after 4 years of retirement. The Miami legend, soon to be inducted into the NBA Hall of Fame, has been reengaging with the world of basketball. Not as a player, but as an investor; a guru. Only two years after acquiring an ownership stake in the Utah Jazz, Wade is back in the game, writing checks.
His latest investment has people buzzing. Not only is?Flash?returning to his hometown, he’s doing it in a very special way. And for a very special woman. The 3-time champion recently took some time out to shed light on his WNBA expansion.
Dwyane Wade sits down for an interview with ESPN
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After a successful two seasons with the Utah Jazz, Dwyane has now set his targets on the WNBA. Rumors have circulated for some time now about his interest in the women’s league. There were even whispers about which team he would ultimately be joining. Now, we know.
A few days ago, Wade took to Twitter to announce that he will be acquiring a stake in the WNBA team Chicago Sky. The exact percentage of his stake has not yet been revealed.
It’s an incredible feeling being on this side of history. To see growth, on the business side, for something that I’ve been passionate about my whole life is an amazing feeling. There are amazing things happening in the @WNBA. It’s official! This is for the home team– literally.… pic.twitter.com/lsvQovpj5z
— DWade (@DwyaneWade) July 14, 2023
This weekend, Dwyane Wade attended the 2023 WNBA All-Star Game in Las Vegas. He was accompanied by his wife, Gabrielle Union.
During the event, he took some time out to do an interview with ESPN?s ?WNBA Countdown crew?. Diving headfirst into the latest news, one of the co-hosts asked the 13? NBA All-Star about the type of resources that he would bring to the team. Wade revealed that they have a lot of work to do.
READ MORE: Massive Demands Hit Dwyane Wade?s Door Amid $85,000,000 Rich Franchise?s Surprising News
Drawing a comparison between teams like the Las Vegas Aces, Wade said that the Chicago Sky needs to catch up fast to reach their standards. And he’s willing to put more money behind the cause.
Wade explained his plans, ?I look forward to going to Chicago, knocking on those doors. Sitting with Nadia (Rawlinson), sitting with Michael (Alter), asking the right questions and asking for things we need, the support.?
?We ain?t going nowhere and we need the support of the city,??expressed the Chicago native.
While they can?t make all the necessary changes overnight, Wade hopes to bring the team to a level that it hasn?t seen since the WNBA?s inception 26 years ago.
Wade dedicates the WNBA Team to his mother
In a prior interview with ESPN, Wade revealed that he got the inspiration to acquire his hometown team from his mother. This happened because she took him to see his first Chicago Sky home game. Her passion became contagious. And the rest is history.
Wade took to his Instagram story to dedicate his latest acquisition to his mother, JoLinda Wade. “[She] was a fan of the Chicago Sky before I became a fan of the Chicago Sky,” confessed Wade during the interview.
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This latest dedication is a heartwarming moment between the mother and son.
WATCH THIS STORY: ?Lying to Me?: Having Dealt With Infidelity, Dwyane Wade?s Wife Gabrielle Finds Peace in ?Cruel Truth?
After Chicago Cubs Co-owner Laura Ricketts acquired a 10% stake in the Sky, their valuation reached a whopping $85 million. Wade?s investment and guidance can help it reach an even higher level.
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In fact, the 2006 Finals MVP mentioned that he took advice from other NBA legends to learn how to invest. While others may take time to get into the process, Wade assured the team that he would serve as a “resource” and do whatever he can to help the WNBA.
Nonetheless, only will tell how the future of the Chicago Sky and the WNBA as a whole will shape after Wade?s decision comes to fruition.