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Kevin Durant acquires minority stake in MLS’s Philadelphia Union

Kevin Durant Acquires Minority Stake In MLS’s Philadelphia Union

NBA star Kevin Durant has purchased a stake in Major League Soccer (MLS) side Philadelphia Union.

The 31-year-old has never hidden his desire to own a team, although until now many thought he would do that in basketball.

When the Brooklyn Nets star spoke to Forbes last December, he indicated that it was his dream to one day own an NBA side.

However, Durant has now moved to acquire a minority stake in the Philadelphia Union of the MLS.

Sports Business Journal’s John Ourand reports that he has bought a stake between one and five percent of the Philadelphia Union.

https://twitter.com/RockBurnerAcct/status/1268742041804115969

It is unknown whether the investment was done personally by Durant or by Thirty Five Ventures, his company which he co-founded with Rich Kleimann.

Durant was previously interested in buying a stake in D.C. United, a soccer team in his home area, but no deal was reached.

“Nets F Kevin Durant has purchased a minority stake in the Union, between 1% and 5%, according to a source,” John Ourand  reported.

“It’s unclear if Durant’s investment in the MLS team is a personal one or through Thirty Five Ventures, a business he co-founded with partner Rich Kleiman. It’s also unclear if the Union’s USL team is involved.”

Meanwhile Durant is not the only NBA star to have made moves to acquire a stake in a soccer team.

IN 2011, Lebron James bought two percent of Liverpool for an estimated $6.5 million, while James Harden owns 3.5 percent of the club Houston Dynamo.

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