Current:Home > ContactKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -FutureWise Finance
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-16 17:21:18
Basketball star Kevin Durant left Paris with more than just Olympic gold.
Durant has become an investor in soccer club Paris Saint-Germain, announced Monday through his company Boardroom.
Paris Saint-Germain remains a soccer powerhouse in Europe, winning 10 French League titles since 2012, but has seen the exodus of stars like Kylian Mbappe, Lionel Messi and Neymar in the last year.
The PSG investment is another venture into sports ownership for Durant, the NBA star who led the U.S. men’s basketball team to the gold medal alongside Stephen Curry and LeBron James at the 2024 Paris Olympics.
Durant and longtime business partner Rich Kleiman visited the PSG campus with club president Nasser Al-Khelaifi earlier this month, according to a social media post.
“They witnessed first-hand how the Club's values of innovation and excellence are embodied in this new environment, where Paris Saint-Germain is nurturing the stars of tomorrow,” the social media post said. “They also spent time with Paris Saint-Germain's professional football teams, with a particular focus on the women's and youth academy teams - areas of strong interest for him both in terms of sport and investment.”
Boardroom, Durant and Kleiman's sports and entertainment media network, will also work with PSG on content and strategy. Durant is invested in the club through Boardroom Sports Holdings, LLC via Arctos Partners.
Durant purchased a 5% stake of the Philadelphia Union in Major League Soccer in 2020. He became a minority owner of NJ/NY Gotham FC in the National Women's Soccer League (NWSL) in 2022. He is also a co-owner of the Brooklyn Aces in Major League Pickleball.
Durant, 35, is a two-time NBA champion and four-time Olympic gold medalist. He will enter his 17th NBA season with the Phoenix Suns later this year.
veryGood! (7521)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- NYC will pay $17.5M to settle lawsuit alleging women were forced to remove hijabs in mugshots
- Missouri to reduce risk of suffering if man requires surgical procedure at execution
- Israeli military fires 2 officers as probe blames World Central Kitchen deaths on mistaken identification
- Meta releases AI model to enhance Metaverse experience
- California doctor travels to Gaza to treat children injured in Israel-Hamas war
- As a Mississippi town reels from a devastating tornado, a displaced family finds its way home
- Trisha Yearwood pays tribute to June Carter Cash ahead of CMT Awards: 'She was a force'
- Average rate on 30
- South Carolina finishes perfect season with NCAA championship, beating Clark and Iowa 87-75
Ranking
- The Daily Money: Spending more on holiday travel?
- MLB's elbow injury problem 'getting worse' as aces Shane Bieber, Spencer Strider fall victim
- Influencer Jackie Miller James Introduces Fans to Her Baby Girl Amid Aneurysm Recovery
- 'Saturday Night Live' spoofs LSU women's basketball coach Kim Mulkey in opening skit
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- 'A cosmic masterpiece': Why spectacular sights of solar eclipses never fail to dazzle
- National Beer Day 2024: Buffalo Wild Wings, Taco Bell Cantina among spots with deals
- What is Masters Par 3 Contest? A guide to the family-friendly pre-tournament event
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
2044 solar eclipse path: See where in US totality hits in next eclipse
'American Idol' recap: Katy Perry declares her 'favorite' top 24 contestant
Lainey Wilson Reveals She Got Her Start Impersonating Miley Cyrus at Hannah Montana Parties
Former longtime South Carolina congressman John Spratt dies at 82
‘Red flag’ bill debated for hours in Maine months after mass shooting that killed 18
Foster children deprived of benefits: How a loophole affects the most vulnerable
Is it safe to look at a total solar eclipse? What to know about glasses, proper viewing