Current:Home > MarketsKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -NextFrontier Finance
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
EchoSense Quantitative Think Tank Center View
Date:2025-04-08 05:30:28
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! (27364)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- MVSU football player killed, driver injured in crash after police chase
- Stressing over Election Day? Try these apps and tools to calm your nerves
- Mike Tyson emerges as heavyweight champ among product pitchmen before Jake Paul fight
- Arkansas State Police probe death of woman found after officer
- Wheel of Fortune Contestant Goes Viral Over His Hilariously Wrong Answer
- Man waives jury trial in killing of Georgia nursing student
- Mike Tyson emerges as heavyweight champ among product pitchmen before Jake Paul fight
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Tesla Cybertruck modifications upgrade EV to a sci-fi police vehicle
Ranking
- B.A. Parker is learning the banjo
- California Gov. Gavin Newsom will spend part of week in DC as he tries to Trump-proof state policies
- South Carolina lab recaptures 5 more escaped monkeys but 13 are still loose
- Wind-whipped wildfire near Reno prompts evacuations but rain begins falling as crews arrive
- Military service academies see drop in reported sexual assaults after alarming surge
- Stock market today: Asian shares mostly decline, shrugging off Wall Street’s overnight rally
- Indiana man is found guilty of murder in the 2017 killings of 2 teenage girls
- Minnesota county to pay $3.4M to end lawsuit over detainee’s death
Recommendation
Meet first time Grammy nominee Charley Crockett
Video shows masked man’s apparent attempt to kidnap child in NYC; suspect arrested
What does the top five look like and other questions facing the College Football Playoff committee
Democrat Ruben Gallego wins Arizona US Senate race against Republican Kari Lake
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Biden EPA to charge first-ever ‘methane fee’ for drilling waste by oil and gas companies
Video shows Starlink satellite that resembled fireball breaking up over the Southwest: Watch
Kevin Costner Shares His Honest Reaction to John Dutton's Controversial Fate on Yellowstone