Tue, 14 Jul 2020

Report: Durant buys minority stake in Philadelphia Union

Field Level Media
05 Jun 2020, 12:05 GMT+10

Brooklyn Nets superstar Kevin Durant has bought a minority stake in Major League Soccer's Philadelphia Union, Sports Business Daily reported Thursday night.

Durant's piece of the team is between 1 percent and 5 percent, according to the SBD report.

It's unclear if Durant's stake also includes the Union's USL team and whether it's a personal investment for the former NBA MVP or if it's through his company, Thirty Five Ventures, according to the report.

Durant reportedly tried to buy a stake in D.C. United on two different occasions.

Numerous MLS teams have celebrities as minority-share owners, including Los Angeles FC (Will Ferrell, Magic Johnson, Mia Hamm, Nomar Garciaparra), the Seattle Sounders (Russell Wilson, Ciara, Macklemore, Drew Carey), the Houston Dynamo (James Harden), the Vancouver Whitecaps (Steve Nash) and the upcoming Austin FC expansion team (Matthew McConaughey).

--Field Level Media

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