NBA star Kevin Durant takes 5% stake in MLS' Philadelphia Union

As part of the deal, Durant will also have the option to purchase an additional percentage in the future.

Brooklyn Nets star Kevin Durant   -  Getty Images

Brooklyn Nets forward Kevin Durant has joined the ownership group of Major League Soccer’s Philadelphia Union.

Durant, a 10-time NBA All-Star, has a 5 per cent ownership stake, with an option for 5 per cent more in the near future, the Union announced on Monday.

"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. “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.”

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The Union and Durant’s Thirty Five Ventures, a firm he runs with sports executive Rich Kleiman, will partner to grow the team’s profile and community outreach through the Kevin Durant Charity Foundation.

Thirty Five Ventures and the Union aim to develop community programs in Chester, Pennsylvania, home of the Union’s Subaru Park, to address racial and social injustice as well as recovery efforts from the coronavirus pandemic.

"This partnership was months in the making and in the process, our teams got to know each other very well and understand the true potential for the future,” Kleiman said. “We believe that Thirty Five Ventures and our expertise will attract new fans in Philly and beyond, so we’re excited to get started.”

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Major League Soccer’s season has been on hold since March 12 because of the pandemic. The 26-team league is set to restart next month with a World Cup-style tournament at ESPN’s Wide World of Sports complex at Walt Disney World in Florida.

The NBA also is planning an August restart, with playoffs held at Disney World.

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