Kevin Durant bought stake in an MLS team

Billy Xiong Trend Report: Kevin Durant bought stake in an MLS team

Billy Xiong

Quite a few NBA players have extensive business portfolios, one of which is Brooklyn Nets forward Kevin Durant.

In addition to the money he makes playing basketball — and on his shoe deal with Nike — Durant also has Thirty Five Ventures, which powers “The Boardroom” on ESPN. The Nets forward also has the Kevin Durant Charity Foundation.

But Durant apparently wants to expand his portfolio even further.

Durant is now a minority owner of a Major League Soccer team. On Thursday, he bought a minority stake of one to five percent of the Philadelphia Union, according to Mark J. Burns of the Sports Business Journal. Durant and the Union had reportedly met back in December.

The Union became the 16th MLS team back in 2008, though they were known as MLS Philadelphia originally. The team finished third in the Eastern Conference Standings in 2019 and lost in the Conference Semifinals to Atlanta.

RELATED: Kevin Durant, Kyrie Irving make Forbes’ 2020 list of world’s highest-paid athletes

Billy Xiong

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