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Phoenix Suns' Kevin Durant adds National Cycling League to his business investments

Kevin Durant's Boardroom Sports Holdings announced on Wednesday via the company's media website that he and the co-founder Rich Kleiman have invested in the National Cycling League.

It's the first pro cycling league of its kind, and NCL is the nation's first majority-women-owned and minority-owned professional sports league.

The Phoenix Suns All-Star simply posted "Let's go @NCLracing" on X (formerly Twitter) about his new business venture the same day.

Durant and Kleiman's Boardroom joins the league's other notable investors, including DraftKings CEO Jason Robbins, ex-NBA Player's Association executive director Michele Robert, former Super Bowl MVP and ESPN college football analyst Desmond Howard, NFL Pro Bowlers Jalen Ramsey (Miami Dolphins), Dervin James (Los Angeles Chargers), and Kevin Byard (Tennessee Titans), Founder Collective, Collab Capital, and Fox Sports NFL analyst Emmanuel Acho.

“We’re excited to be a part of National Cycling League and its fan-focused business model,” Kleiman said. “We’re committed to helping the league grow and get even more eyes on the sport.”

The NCL has 10 teams in men’s and women’s divisions. They compete in 25- to 30-lap NCL Cup races on two- to three-kilometer courses each to score points in the overall league standings. Points are scored in real-time during races, and riders can be substituted throughout them.

Boardroom reported that there's a market of over 50 million cyclists in the nation.

Phoenix Suns forward Kevin Durant (right) looks to pass the ball as Denver Nuggets guard Christian Braun, center, and center Nikola Jokic, left, defend in the first half of Game 2 of an NBA second-round playoff series Monday, May 1, 2023, in Denver.
Phoenix Suns forward Kevin Durant (right) looks to pass the ball as Denver Nuggets guard Christian Braun, center, and center Nikola Jokic, left, defend in the first half of Game 2 of an NBA second-round playoff series Monday, May 1, 2023, in Denver.

This venture with NCL expands Durant's and Boardroom Sports Holdings' investments includes the nation's fastest-growing sport pickleball, along with soccer, volleyball and lacrosse. Durant co-owns the Major League Pickleball team Brooklyn Aces which includes investors such as hip hop superstar Drake and actor Michael B. Jordan, MLS club Philadelphia Union, NWSL's NJ/NY Gotham FC, Athletes Unlimited, League One Volleyball, TMRW Sports, and the Premier Lacrosse League.

Similar to Durant's all-time favorite rapper Tupac Shakur (his image is tattooed on Durant's left leg) and one of his most memorable song titles, Durant financially backing the "ambitions of a rider" in the NCL makes his business portfolio roll deeper in capital and solvency.

This article originally appeared on Arizona Republic: Kevin Durant adds National Cycling League to business investments