Kevin Durant, Brooklyn Nets’ star player, decided to take his shot in the world of soccer. Sports Business Daily reports that Durant purchased a stake in MLS side Philadelphia Union, making him a minority owner of the team.
The details are still unknown, but his stake is reportedly between 1% to 5%.
The NBA player has been interested in investing in a soccer team for a while now and has previously made two attempts to get a stake in his hometown club D.C. United. He was unsuccessful with D.C. United, but he remained interested in the MLS market and took the shot when the Philly opportunity became available.
Philadelphia Union began playing MLS as an expansion team in 2010, and so far, the club hasn’t had much success, but its fan base has been growing which may make them a good investment in the future.
Kevin Durant isn’t the only NBA player to invest in business ventures in soccer; Lebron James invested in soccer in 2011, buying a 2% stake in Premier League’s Liverpool and Houston Rockets’ player James Harden is part of an ownership group that took over Houston Dynamo and he owns a small part of the club.
