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NBA star Kevin Durant buys 5% Philadelphia Union stake

Getty ImagesNational Basketball Association (NBA) star Kevin Durant has bought a five per cent ownership stake in Major League Soccer (MLS) club Philadelphia Union. The Brooklyn Nets player, who is a two-time NBA champion and finals MVP, also has the option to purchase a further five per cent share. In November, industry outlet Forbes valued the Union at US$240 million, indicating Durant's investment is worth around US$12 million. MLS to return in July with Disney World tournamentThe deal includes a partnership with Thirty Five Ventures, the company co-founded by Durant and his manager Rich Kleiman, to grow the club's profile and outreach through the Kevin Durant Charity Foundation (KDCF). Durant said in a statement: “I’m excited to partner with the Philadelphia Union for years to come. “My team and I connected instantly with the Union coaching staff and leadership, as well as the team’s story.

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https://www.sportspromedia.com/news/kevin-durant-philadelphia-union-ownership-stake

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