Current:Home > NewsKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Wealthify
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
SignalHub Quantitative Think Tank Center View
Date:2025-04-08 08:49:30
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! (14)
Related
- Southern California rocked by series of earthquakes: Is a bigger one brewing?
- Emma Watson Shares Rare Insight Into Her Private Life in Birthday Message
- Negotiators at a U.N. biodiversity conference reach a historic deal to protect nature
- This is what's at risk from climate change in Alaska
- Retirement planning: 3 crucial moves everyone should make before 2025
- Why Rachel McAdams Wanted to Show Her Armpit Hair and Body in All Its Glory
- Do wealthy countries owe poorer ones for climate change? One country wrote up a bill
- The legacy of Hollywood mountain lion P-22 lives on in wildlife conservation efforts
- 'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
- Pamper Yourself With an $18 Deal on $53 Worth of Clinique Products
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Lola Consuelos Supports Parents Kelly Ripa and Mark Consuelos at Live With Kelly and Mark Debut
- The Way Chris Evans Was Previously Dumped Is Much Worse Than Ghosting
- Aaron Carter’s Team Recalls Trying to Implement a Plan to Rehabilitate After Cause of Death Determined
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Shay Mitchell Reacts to Her Brand BÉIS' Connection to Raquel Leviss' Vanderpump Rules Scandal
- Mississippi River Basin adapts as climate change brings extreme rain and flooding
- Inside Aaron Carter’s Rocky Journey After Child Star Success
Recommendation
Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
Vanderpump Rules' Latest Episode Shows First Hint at Tom Sandoval and Raquel Leviss' Affair
Vanderpump Rules' Latest Episode Shows First Hint at Tom Sandoval and Raquel Leviss' Affair
Victoria Justice Sets Record Straight on Claim She's Jealous of Ariana Grande
Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
The Hope For Slowing Amazon Deforestation
Here's what happened on day 4 of the U.N.'s COP27 climate talks
Biden tightens methane emissions rules, even as the U.S. pushes for more oil drilling