Kevin Durant is the newest team owner in Major League Pickleball. KD's venture capital firm, Thirty Five Ventures, has agreed to purchase an expansion team in the league's second and most exciting expansion.
Along with business partner Rich Kleiman, the two-time NBA champion joins Tom Brady, Lebron James, and former teammate Draymond Green in the league's new group of high-profile owners.
The league began with eight teams in 2021. It expanded to twelve in 2022 adding Gary Vee to the list of owners. In 2023, MLP will feature sixteen pickleball teams and six events spread across the country.
As for Durant, there is no denying his competitive drive. He is known to be ruthless on the court and has built a comparable business reputation off the court.
Durant's 7'5" wingspan is a weapon on the pickleball court. But lucky for him, he won't need to master the game to win a championship. KD and the other fifteen owners will draft their teams later this year.
More Than an Investment
With each expansion, the league has selected to pursue owners that can offer more than just a check. The league is after partners that can help increase exposure and provide a mutually beneficial relationship. Much like King James and TB12, the Slim Reaper offers that in spades.
35V is well-versed in sports entertainment investing and KD's Boardroom is a multimedia company that has experience creating sports-based content.