The Philadelphia Union soccer team welcomed 10-time NBA All-Star Kevin Durant as a new member of its ownership group.
Durant has reportedly bought a minority stake in the group, between 1% and 5%, according to the Sports Business Journal.
There’s hope that Durant’s high profile presence in the ownership group could help bring fans to Union games at Subaru Park in Chester.
It’s not known if the investment was made by Durant or by his company, Thirty Five Ventures, which he started with business manager Rich Kleiman.
Kleiman oversees the company’s investment portfolio and its media and creative projects.
Durant and his team at Thirty Five Ventures reportedly met with Union officials this past December.
The Union’s ownership group — Keystone Sports and Entertainment — has seven individuals led by Chairman Jay Sugarman and Vice Chairman/Alternate Governor Richard Leibovitch.
The two-time NBA champion twice tried to buy a minority stake in D.C. United, his hometown MLS Club, according to The Athletic.
Durant has missed the entire 2019-20 NBA season for the Brooklyn Nets because of a ruptured Achilles tendon.
He’s been expanding into business after joining the Golden State Warriors in 2016.
Read more about Kevin Durant’s link to the Philadelphia Union here.
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