Portland Timbers acquire DP forward Kristoffer Velde | MLSSoccer.com

Soccer

TRANSFER TRACKER STATUS: Signing

The Portland Timbers have acquired forward Kristoffer Velde from Greek Super League 1 powerhouse Olympiacos FC, the club announced Wednesday.

The 25-year-old Norway international arrives for a reported $5 million transfer fee. He will occupy a Designated Player roster spot and is under contract through 2028 with an option for 2029.

Velde joins a Timbers attack led by All-Star midfielder David Da Costa and breakout winger Antony. Uruguay international forward Jonathan Rodríguez was placed on the season-ending injury list last month.

“We are excited to welcome Kristoffer Velde as the newest member of the Portland Timbers. It was a necessity in this transfer window to explore the market with the intent of adding a dangerous attacking threat, and Kristoffer gives us just that,” said general manager Ned Grabavoy.

“His aggressive mindset to go at defenders and cause issues for opponents off the dribble should make our attack more balanced and powerful. We are eager for his debut in the Green and Gold.”

Velde joins the Timbers with 62g/39a in 250 club appearances, spanning FK Haugesund in his native Norway, Polish top-flight side Lech Poznań and Olympiacos.

He’s featured in UEFA Champions League, Europa League and Conference League qualifying and group stage matches, making 31 appearances and registering 12g/5a across six seasons of European competitions.

Capped once by Norway, Velde made his senior international debut as a substitute against Cyprus during UEFA Euro 2024 qualifying.

“Velde is an exciting player with incredible determination, drive and self-belief,” said head coach Phil Neville. “His presence will spark our offense and implement a new level of creativity for the team. We believe he is going to be a major asset for us in our quest for success.”

Portland are sixth in the Western Conference with 37 points, four points shy of a top-four spot. They’re chasing their second straight Audi MLS Cup Playoffs berth under Neville.

Read MoreArden Catt

Latest

How Does an LLC Work?

An LLC, or Limited Liability Company, combines the advantages of corporations and partnerships, providing personal liability protection for its members. This means your personal assets are shielded from business debts. Moreover, LLCs typically enjoy pass-through taxation, which simplifies how profits and losses are reported on personal tax returns. With flexibility in management structure, LLCs can

Wintermute Launches Armitage DeFi Vault Platform for Institutions

You are here: Home / Cryptocurrency News / Wintermute Launches Armitage DeFi Vault Platform for Institutions Wintermute has announced Armitage, a new DeFi vault curation business for professional investors and institutions. The algorithmic trading firm said the product will support risk management and yield generation in decentralized lending markets through on-chain, non-custodial vaults for users

What Is a Sole Proprietor Business?

A sole proprietor business is a straightforward structure where you’re the sole owner, and there’s no legal distinction between you and your business. This means you have complete control over operations and profits, but it additionally means you bear personal responsibility for any debts or liabilities. With minimal paperwork and simple tax management, it’s an

SUI Price Eyes $1.50 as Ramp Integration Boosts Bullish Momentum

You are here: Home / Cryptocurrency News / SUI Price Eyes $1.50 as Ramp Integration Boosts Bullish Momentum SUI price has gained momentum following Ramp’s announcement to support Sui-based USDC payments, driven by growing optimism around Sui’s expanding payment and utility ecosystem. Stablecoin payment integrations are becoming increasingly important for Layer-1 ecosystems as blockchain networks

Newsletter

Don't miss

How Does an LLC Work?

An LLC, or Limited Liability Company, combines the advantages of corporations and partnerships, providing personal liability protection for its members. This means your personal assets are shielded from business debts. Moreover, LLCs typically enjoy pass-through taxation, which simplifies how profits and losses are reported on personal tax returns. With flexibility in management structure, LLCs can

Wintermute Launches Armitage DeFi Vault Platform for Institutions

You are here: Home / Cryptocurrency News / Wintermute Launches Armitage DeFi Vault Platform for Institutions Wintermute has announced Armitage, a new DeFi vault curation business for professional investors and institutions. The algorithmic trading firm said the product will support risk management and yield generation in decentralized lending markets through on-chain, non-custodial vaults for users

What Is a Sole Proprietor Business?

A sole proprietor business is a straightforward structure where you’re the sole owner, and there’s no legal distinction between you and your business. This means you have complete control over operations and profits, but it additionally means you bear personal responsibility for any debts or liabilities. With minimal paperwork and simple tax management, it’s an

SUI Price Eyes $1.50 as Ramp Integration Boosts Bullish Momentum

You are here: Home / Cryptocurrency News / SUI Price Eyes $1.50 as Ramp Integration Boosts Bullish Momentum SUI price has gained momentum following Ramp’s announcement to support Sui-based USDC payments, driven by growing optimism around Sui’s expanding payment and utility ecosystem. Stablecoin payment integrations are becoming increasingly important for Layer-1 ecosystems as blockchain networks

Tesla’s Business Has Become Much More Diversified in Just the Past Five Years. Does That Make Its Stock a Better Buy Today?

Key Points Tesla's energy generation and storage segment generated 27% revenue growth last year. The company's non-automotive segments were able to help offset a double-digit decline in auto revenue in 2025. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is known for its electric vehicles (EVs), and while they

WD sees sustainability as key business driver in an ‘AI economy’

Hard drive company WD promoted long-term operations and sustainability executive Jackie Jung to become its first chief sustainability officer in February, as it steps up sales to companies building AI data centers. Her vision: Turn sustainability into a “brand” for WD, a strategy that reduces risk for the $6 billion company (formerly known as Western

5 Business Ideas Worth Starting in 2026

If there is one thing Nigerians understand well, it is how to spot opportunity inside hardship. In 2026, that mindset will matter more than ever. The economy is tough, competition is rising, and many people are looking for smarter ways to earn, build, and survive. But even in a difficult environment, some businesses still stand