Back in 2020, Kevin Durant invested in the Philadelphia Union of the MLS. The Slim Reaper owns a 5% stake in the team and was initially offered an optional +5% stake. At the time, the Union was valued at around $325 million. The team made the MLS Finals in 2022, but since then hadn’t kept up with its performance. Still, the Philadelphia Union has managed to become one of the top-valued franchises in the MLS.
One of the Union’s fans recently took his frustration to Twitter. Following the first half of the season, the Union stood 8th in the East with a record of 4-8-5. Not performing up to expectations, this particular fan, with username, Ron Kaiser, wasn’t shy while going at the part owner of the team. The Twitterati blamed KD for not improving the team and even brought up his past trade demands. “The @PhilaUnion have been a major disappointment. Ever since they got to the MLS final a couple seasons ago, they’ve done nothing to build upon that season, yet expect fans to be loyal. No surprise they fall short, their one owner @KDTrey is well known for falling short”, wrote the fan.
Or what Ron?
— Kevin Durant (@KDTrey5) June 17, 2024
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To the same, Durant replied by talking about supporting one’s favorite team in tough times. However, KD deleted most of his replies from his back-and-forth with Ron. When he questioned Kevin’s loyalty to his team, KD fired back asking the fan to stop crying about it. The replies didn’t end there. Ron then told KD to improve the team and tagged SportsRadio wanting this conversation to go viral.
Durant simply sent a cold reply saying, “Or what Ron?”. There are teams in the NBA who haven’t won a championship ever since they existed. Not only that but some teams have struggled to make the playoffs. While MLS is a young football league, there will be all sorts of teams going without a playoff appearance or a championship for years. On the flip side, the Philadelphia Union’s valuation has increased dramatically. The team is now worth $670 million. This shows a $345 million increase in its valuation in just four years and KD is a proud owner of the franchise.
Kevin Durant’s investment has shown great valuation
While the Slim Reaper has the chance to acquire an additional 5% stake in the Union, he hasn’t made a decision about the same yet. There definitely is competition among other teams in the MLS with LAFC being valued at $1.15 billion. However, Philly Union’s increase in valuation has been drastic. For KD, his decision to invest in the franchise just brought him more equity in his assets.
Durant has equity in Esports as well. Helping out Andbox, the organization that operates Esports teams in multiple games, including Valorant and Call of Duty, KD’s portfolio in the upcoming gaming market, is also quite notable. His net worth has only increased in the last few years, currently standing at $300 million. It is interesting to see Easy Money Sniper make big moves on and off the court.
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What are your thoughts on KD’s huge investment in the MLS? Do you think he should strive for more equity in the Union? Let us know in the comments.
And Before leaving, be sure to check out some insights that Shaquille O’Neal’s ex-agent, Leonard Armato, shared about WNBA stars, Angel Reese and Caitlin Clark.
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