Former Longhorn Kevin Durant Purchases Stake in MLS Team

The two-time NBA finals MVP, and former Longhorn, has bought a minority stake, somewhere between one and five percent, in Major League Soccer side, Philadelphia Union. Durant joins a growing list of celebrities who are invested in MLS clubs.

Two-time NBA finals MVP and former Longhorn Kevin Durant has bought a minority stake, somewhere between one and five percent, in Major League Soccer side, Philadelphia Union. Durant joins a growing list of celebrities who are invested in MLS clubs.

James Harden, Houston Rockets superstar, recently bought nearly a four percent stake in the Houston Dynamo, which is valued at just over $425M. Seattle Seahawks star quarterback, Russell Wilson, also invested in his home-team, the Seattle Sounders. And finally, Austin’s very own Hollywood star, Matthew McConaughey, owns a stake in the future Austin FC franchise.

According to a Sports Business Journal report, the deal might have involved Durant’s business, Thirty Five Ventures:

“It’s unclear if Durant’s investment in the MLS team is a personal one or through Thirty Five Ventures, a business he co-founded with partner Rich Kleiman. It’s also unclear if the Union’s USL team is involved. Both the team and Thirty Five Ventures declined comment. In December, the Union confirmed a meeting with Thirty Five Ventures after pictures surfaced online of Durant with team officials. Durant in the past has reportedly tried to buy a minority stake twice in DC United.”

On Thursday, the NBA’s Board of Governors voted to approve the league’s 22-team format to restart the 2019-2020 season in Orlando. A potential Kyrie/Durant return was flushed down earlier today when Nets reporter Anthony Puccio announced that Durant will likely be out for the playoffs.

Multiple sources tell me Kevin Durant will not return for the remainder of the 2019-2020 season. #Nets

— Anthony Puccio (@APOOCH) June 5, 2020