Durant, who was previously in talks with D.C. United, purchased a 5 percent interest in the Union with the option to purchase an additional 5 percent. Jay Sugarman, the Union's majority owner, told ESPN that the Union is valued at over $325 million -- the reported price David Tepper paid to acquire the MLS team in Charlotte -- which puts Durant's stake at a minimum of $16.25 million.
The Philadelphia Inquirer reported that the Union reached out to Durant in 2018, using a connection minority owner Richard Leibovitch had with Kleiman, and sold Durant on the chance to have an impact in the Philadelphia area.
“My team and I connected instantly with the Union coaching staff and leadership, as well as the team’s story,” Durant said in a statement. “Off the pitch, I’m looking forward to working in the Chester and Philadelphia communities and making an impact in the same way that the KDCF has been able to in my hometown of Prince George's County.”