Brooklyn Nets forward Kevin Durant has purchased a stake in the Philadelphia Union, per Mark J. Burns of Sports Business Daily.
The stake is worth between 1 percent and 5 percent of the franchise, per Burns, who also noted that it's unclear whether the purchase is via Durant or Thirty Five Ventures, a business the 12-year NBA veteran co-owns with Rich Kleiman.
Pablo Maurer of The Athletic reported on Dec. 28 that Thirty Five Ventures met with the Philadelphia Union, who confirmed that a meeting took place:
Per Chris Smith of Forbes, the Union were valued at $240 million in November 2019, a surge from $175 million the year before.