Current:Home > MarketsKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -GrowthSphere Strategies
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
SafeX Pro View
Date:2025-04-08 17:10:34
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! (88227)
Related
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Thousands of Low-Income Residents in Flooded Port Arthur Suffer Slow FEMA Aid
- See Brandi Glanville and Eddie Cibrian's 19-Year-Old Son Mason Make His Major Modeling Debut
- Fearing for Its Future, a Big Utility Pushes ‘Renewable Gas,’ Urges Cities to Reject Electrification
- The Daily Money: Spending more on holiday travel?
- Mattel's new live-action “Barney” movie will lean into adults’ “millennial angst,” producer says
- Stranded motorist shot dead by trooper he shot after trooper stopped to help him, authorities say
- Michael Imperioli says he forbids bigots and homophobes from watching his work after Supreme Court ruling
- Military service academies see drop in reported sexual assaults after alarming surge
- Keystone Pipeline Spills 383,000 Gallons of Oil into North Dakota Wetlands
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Amy Schumer Reveals the Real Reason She Dropped Out of Barbie Movie
- Politicians Are Considering Paying Farmers to Store Carbon. But Some Environmental and Agriculture Groups Say It’s Greenwashing
- Adam DeVine Says He Saw a Person Being Murdered Near His Hollywood Hills Home
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- DeSantis Recognizes the Threat Posed by Climate Change, but Hasn’t Embraced Reducing Carbon Emissions
- Kathy Griffin Undergoes Vocal Cord Surgery
- How Anthony Bourdain's Raw Honesty Made His Demons Part of His Appeal
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
What does a hot dog eating contest do to your stomach? Experts detail the health effects of competitive eating.
Breaking Bad Actor Mike Batayeh Dead at 52
Natural Gas Rush Drives a Global Rise in Fossil Fuel Emissions
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
How Khloe Kardashian Is Setting Boundaries With Ex Tristan Thompson After Cheating Scandal
Zendaya’s Fashion Emergency Has Stylist Law Roach Springing Into Action
Fearing for Its Future, a Big Utility Pushes ‘Renewable Gas,’ Urges Cities to Reject Electrification