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NBA star Kevin Durant buys 5% of MLS Philadelphia Union

NBA star Kevin Durant buys 5% of MLS Philadelphia Union

NBA superstar Kevin Durant became a minority partner of the MLS Philadelphia Union soccer team by acquiring a 5% stake, the franchise announced.

“I am excited to partner with the Philadephia Union for the next few years. My team and I instantly connected with the coaches and leadership, as well as with the history of the team, ”Durant said in a statement released by the team.

The Brooklyn Nets forward, a two-time NBA champion and MVP (Most Valuable Player) of the finals, acquired a 5% stake with the option to buy an additional 5% in the near future, the franchise said.

The deal includes a partnership with Thirty Five Ventures – the player’s co-owned company for sports, media and technology businesses – for marketing and community outreach initiatives in collaboration with the Kevin Durant Charitable Foundation.

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The Union and Thirty Five Ventures pledged to carry out youth development and support programs for groups affected by the COVID-19 pandemic in the Philadelphia and Chester areas.

“We want to be known as an innovative (team) in our league and a team that is never satisfied with the status quo. Kevin brings us unique perspectives as a person, as a champion and as a sports icon, ”said Jay Sugarman, majority owner of the Union.

Durant, a former player for the Oklahoma City Thunder and Golden State Warriors, is the latest in a long line of athletes and celebrities who have become minority partners of MLS teams, including Earvin ‘Magic’ Johnson and Will Ferrell (Los Angeles FC), James Harden (Houston Dynamo), Steve Nash (Vancouver Whitecaps) and Matthew McConaughey (Austin FC).

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US media had advanced on June 4 that Durant, who has not been able to debut with the Nets due to injury, had agreed to acquire a minority stake in the Union.

Last season, Philadelphia finished the regular season in third place in the Eastern Conference and lost in the conference semifinals to Atlanta United, the best result of its 10-year career in MLS. (AFP) (HN)

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