What happened: Shai Gilgeous-Alexander has joined the ownership group of Atletico Madrid, the club announced. The investment brings the back-to-back NBA MVP and league champion into the European soccer organization.

Why it matters: The addition continues a trend of prominent North American athletes taking equity stakes in overseas clubs. It also expands the Canadian representation in Madrid alongside Jonathan David.

What to watch: Gilgeous-Alexander holds the new international stake as he approaches the upcoming NBA campaign.