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CNBC.com: NBA Star Kevin Durant Takes 5% Stake in Philadelphia Union Soccer TeamJune 15, 2020
An O’Melveny team led by Sports Industry Group co-chair Chuck Baker advised NBA star Kevin Durant on his recent acquisition of a stake in the Philadelphia Union soccer team, CNBC.com reported.
“Charles Baker, co-chair of O’Melveny’s Sports Industry Group, said several transactions were in progress before the pandemic hit. He projected things would heat up after the initial shock of Covid-19,” the article noted. “I think people are approaching it somewhat cautiously,” said Baker, who advised Carolina Panthers owner David Tepper on his MLS acquisition in Charlotte. “Buyers are feeling somewhat empowered right now, but there is still a limited supply.”
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