Current:Home > ContactKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -ProfitLogic
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-15 11:19:12
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! (7)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- 'Elvis Evolution': Elvis Presley is back, as a hologram, in new virtual reality show
- Armed ethnic alliance in northern Myanmar is said to have seized a city that was a key goal
- Kentucky governor backs longer list of conditions eligible for treatment under medical marijuana law
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Father, son in Texas arrested in murder of pregnant teen Savanah Soto and boyfriend
- Shaquille O'Neal will become first Orlando Magic player to have his jersey retired
- Former Guatemalan president released on bond; leaves prison for first time since 2015
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Huge, cannibal invasive frog concerns Georgia wildlife officials: 'This could be a problem'
Ranking
- Federal hiring is about to get the Trump treatment
- Stock market today: Asian shares mostly decline after mixed Wall Street finish
- A top Hamas official, Saleh al-Arouri, is killed in Beirut blast
- Taiwan’s presidential candidate Ko Wen-je seeks a middle ground with China, attracting young voters
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Serbia’s army proposes bringing back the draft as tensions continue to rise in the Balkans
- Kia EV9, Toyota Prius and Ford Super Duty pickup win 2024 North American SUV, car and truck awards
- Federal appeals court denies effort to block state-run court in Mississippi’s majority-Black capital
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Wisconsin redistricting consultants to be paid up to $100,000 each
Jan. 6 Proud Boys defendant who led law enforcement on manhunt sentenced to 10 years in prison
'Bright as it was in 2020' Glowing bioluminescence waves return to Southern California beaches
Former longtime South Carolina congressman John Spratt dies at 82
Achieve a Minimal Makeup Look That Will Keep You Looking Refreshed All Day, According to an Expert
Putin speeds up a citizenship path for foreigners who enlist in the Russian military
Live updates | 6 killed overnight in an apparent Israeli airstrike on a home in southern Gaza