KD makes his investment into philaunion official!
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Durant (easymoneysniper) has purchased a 5% stake in the team, with an option for an additional 5%. Sugarman said the team's valuation is north of the $325 million expansion fee paid in December by Major League Soccer's Charlotte franchise, which would put the valuation of Durant's stake at a minimum of $16.25 million. Sugarman added that there are 10 other partners, though Durant is the first black investor to be brought in. The deal includes a partnership with Thirty Five Ventures, the business and philanthropic entity run by Durant and business partner Rich Kleiman. (Via espn)
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