Kevin Durant Purchases Minority Ownership in the Philadelphia Union
Kevin Durant has always been adamant on owning a professional sports team. He’s discussed it a few times over the past year. Thursday, KD took the first step in doing so. A small step, sure but we’re writing about it because it has to do with Philadelphia.
Kevin Durant has purchased a minority stake of the Philadelphia Union. The full details have yet to be released but being a minority owner would mean that his stake is between one and five percent.
Durant previously attempted to purchase a stake in D.C. United, but things never really worked out, which is why we find him linked up with our Philadelphia Union.
Durant isn’t the first NBA player to make an investment in the MLS. James Harden owns 3.5% of the Houston Dynamo. Lebron James went over seas and purchased 2% of Liverpool, which cost him a smooth $6.5 million at the time, and has definitely increased in value.
The MLS itself is extremely popular with foreign players in the NBA. Small investments are a great place to start for someone like Durant who eventually wants to become an owner in the NBA.
Back in the NBA world – the season is ready to get started in July. Durant and Kyrie Irving, however, won’t be. It came out today that Durant doesn’t plan to play this season and Irving, is out indefinitely after shoulder surgery in March.