Current:Home > InvestKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Wealth Evolution Experts
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-08 15:23:35
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! (28833)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Despite soaring prices, flexible travelers can find budget-friendly ways to enjoy summer getaways
- Judge Orders Dakota Access Pipeline Spill Response Plan, with Tribe’s Input
- Rex Tillerson Testifies, Denying Exxon Misled Investors About Climate Risk
- The Grammy nominee you need to hear: Esperanza Spalding
- Judge Orders Dakota Access Pipeline Spill Response Plan, with Tribe’s Input
- Sarah-Jade Bleau Shares the One Long-Lasting Lipstick That Everyone Needs in Their Bag
- Ohio Gov. DeWine asks Biden for major disaster declaration for East Palestine after train derailment
- Buckingham Palace staff under investigation for 'bar brawl'
- Blake Shelton Finally Congratulates The Voice's Niall Horan in the Most Classic Blake Shelton Way
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- The BET Award Nominations 2023 Are Finally Here: See the Full List
- Tatcha Flash Sale Alert: Get Over $400 Worth of Amazing Skincare Products for $140
- Why Grayson Chrisley Says Parents Todd and Julie's Time in Prison Is Worse Than Them Dying
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- War on NOAA? A Climate Denier’s Arrival Raises Fears the Agency’s Climate Mission Is Under Attack
- McConnell’s Record on Coal Has Become a Hot Topic in His Senate Campaign
- Lady Gaga Will Give You a Million Reasons to Love Her Makeup-Free Selfies
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Beyoncé Handles Minor Wardrobe Malfunction With Ease During Renaissance Show
4 dead after small plane crashes near South Carolina golf course
Shop the Top-Rated Under $100 Air Purifiers That Are a Breath of Fresh Air
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Wednesday's Percy Hynes White Denies Baseless, Harmful Misconduct Accusations
Hurricane Irma’s Overlooked Victims: Migrant Farm Workers Living at the Edge
Proof Tom Holland Is Marveling Over Photos of Girlfriend Zendaya Online