Current:Home > MyKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -FutureFinance
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-15 22:12:47
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! (74)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- As shutdown looms, congressional leaders ready stopgap bill to extend government funding to March
- Steve Sarkisian gets four-year contract extension to keep him coaching Texas through 2030
- How long does a hangover last? Here's what you need to know.
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- NFL schedule today: Everything to know about playoff games on Jan. 13
- Holy Cow! Nordstrom Rack's Weekend Sale Has SKIMS, UGGs & Calvin Klein, up to 88% Off
- What we know so far about Kalen DeBoer's deal with Alabama
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Deion Sanders wants to hire Warren Sapp at Colorado, but Sapp's history raises concerns
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Taylor Swift and Travis Kelce Hold Hands as They Exit Chiefs Game After Playoffs Win
- Messi 'super team' enters 2024 as MLS Cup favorite. Can Inter Miami balance the mania?
- The ruling-party candidate strongly opposed by China wins Taiwan’s presidential election
- $73.5M beach replenishment project starts in January at Jersey Shore
- Louisiana woman grew a cabbage the size of a small child, setting record for massive produce
- A huge fire engulfs a warehouse in Russia outside the city of St Petersburg
- Colorado spoils Bronny James' first start with fierce comeback against USC
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Opinion: Women with obesity are often restricted from IVF. That's discriminatory
C.J. Stroud becomes youngest QB in NFL history to win playoff game as Texans trounce Browns
Chiefs’ Patrick Mahomes has helmet shattered during playoff game vs. Miami
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Leon Wildes, immigration lawyer who fought to prevent John Lennon’s deportation, dead at age 90
Taylor Swift and Travis Kelce Hold Hands as They Exit Chiefs Game After Playoffs Win
2 Iranian journalists jailed for their reporting on Mahsa Amini’s death are released on bail