Current:Home > ScamsKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -StockSource
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-24 08:26:45
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! (8692)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- The Fed welcomes a ‘soft landing’ even if many Americans don’t feel like cheering
- Krispy Kreme marks Barbie's 65th anniversary with pink, sparkly doughnuts
- Murder on Music Row: Phone calls reveal anger, tension on Hughes' last day alive
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Rory Feek Denies “Cult” Ties and Allegations of Endangering Daughter Indiana
- MLB power rankings: Red-hot Chicago Cubs power into September, NL wild-card race
- Explosion levels southwest Louisiana home, killing teen from Alabama and injuring 5
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Tennis Player Yulia Putintseva Apologizes for Behavior Towards Ball Girl at US Open Amid Criticism
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- How many points did Caitlin Clark score today? Rookie sparks Indiana Fever's comeback win
- Joshua Jackson Shares Rare Insight Into Bond With His and Jodie Turner-Smith's 4-Year-Old Daughter
- Murder on Music Row: An off-key singer with $10K to burn helped solve a Nashville murder
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Florida's Billy Napier dismisses criticism from 'some guy in his basement'
- Alabama sets mid-October execution date for man who killed 5 in ax and gun attack
- Howard University’s capstone moment: Kamala Harris at top of the ticket
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Coco Gauff's US Open defeat shows she has much work to do to return to Grand Slam glory
Alabama man charged with murder in gas station shooting deaths of 3 near Birmingham
Mountain lion attacks 5-year-old at Southern California park and is euthanized
What to watch: O Jolie night
1 of 5 people shot at New York’s West Indian American Day Parade has died
Murder on Music Row: Phone calls reveal anger, tension on Hughes' last day alive
Republicans were right: Zuckerberg admits Biden administration censored your Facebook feed