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Brooklyn Nets' Kevin Durant buys five per cent share in Philadelphia Union

Major League Soccer franchise Philadelphia Union have a new shareholder, with Brooklyn Nets' Kevin Durant buying a small stake.

By Matt Becker
Kevin Durant

New York, JUne 16: Brooklyn Nets forward Kevin Durant is the latest sports star to invest in a Major League Soccer team.

The 10-time NBA All-Star has acquired a five per cent ownership stake in Philadelphia Union, with an option to purchase an additional five per cent in the near future.

''I've always been a soccer fan and have wanted to get into it in a meaningful way. My team and I felt an instant connection with the Philadelphia Union ownership and staff and their vision for a partnership,'' Durant said in a statement on Monday (June 15).

''While you won't get to see me at games for now, my team and I will be taking an active role in the community, where I can help give back to Chester [Pennsylvania] and Philadelphia.''

Durant is the second former NBA MVP to invest in an MLS team, with the Houston Rockets' James Harden owning a stake in Houston Dynamo. Seattle Seahawks quarterback Russell Wilson also owns a stake in Seattle Sounders.

The MLS season, which has been on pause since mid-March because of the coronavirus pandemic, is set to restart on July 8 with a 26-team tournament at the ESPN Wide World of Sports Complex at the Walt Disney Resort in Florida.

The NBA season is also slated to resume at Disney World at the end of July.

Durant, however, has said he will not play when the season resumes as he continues his recovery from the Achilles tendon tear he sustained with the Golden State Warriors in Game 5 of the 2019 NBA Finals against the Toronto Raptors.

Story first published: Tuesday, June 16, 2020, 8:08 [IST]
Other articles published on Jun 16, 2020