Nets’ Kevin Durant Reportedly Purchases Stake in MLS’ Philadelphia Union

Nets’ Kevin Durant Reportedly Purchases Stake in MLS’ Philadelphia Union

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LOS ANGELES, CA - MARCH 10: Kevin Durant looks on during a game at the Staples Center on March 10, 2020 in Los Angeles, CA. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Credit: 2020 NBAE (Photo by Chris Elise/NBAE via Getty Images)

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Brooklyn Nets forward Kevin Durant has bought a stake within the Philadelphia Union, per Tag J. Burns of Sports actions Industry Every day.  

The stake is worth between 1 p.c and 5 p.c of the franchise, per Burns, who also illustrious that or no longer it’s unclear whether or no longer the pick is by job of Durant or Thirty 5 Ventures, a industry the 12-year NBA frail co-owns with Rich Kleiman.

Pablo Maurer of The Athletic reported on Dec. 28 that Thirty 5 Ventures met with the Philadelphia Union, who confirmed that a assembly took set:

Pablo Maurer @MLSist

Kevin Durant changed into certainly at the Philadelphia Union workplaces as of late assembly with membership possession. You’ll protect I’ve written about KD’s hobby in shopping a bit of #DCU. Commentary from the Union: “We entertained 35 Ventures for a assembly with Union Ownership.” #DOOP https://t.co/7U5iBrMvsS

Per Chris Smith of Forbes, the Union had been valued at $240 million in November 2019, a surge from $175 million the year sooner than.

Durant’s stake comes no longer up to a year after Maurer reported that the 10-time All-Star twice attempted to select a stake in his fatherland D.C. United, as soon as in 2012 and yet again in 2018.

Durant has expressed hobby in crew possession within the previous, telling Discipline Yates and Matthew Berry on ESPN’s Story Focal level podcast (h/t AJ Neuharth-Keusch of USA This day) that he would delight in to own an NFL crew within the future.

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