Current:Home > StocksKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Profound Wealth Insights
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-16 05:16:34
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! (1664)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Standardized tests like the SAT are back. Is that a good thing? | The Excerpt
- State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market
- Delta pilot gets 10 months in jail for showing up to flight drunk with half-empty bottle of Jägermeister
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Veterans of top-secret WWII Ghost Army unit awarded Congressional Gold Medal
- Are there any perfect brackets left in March Madness? Yes ... but not many after Kentucky loss
- Grassley releases whistleblower documents, multi-agency probe into American cartel gunrunning
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- The Bodysuits Everyone Loves Are All Under $20 for the Amazon Big Spring Sale
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Search for missing student Riley Strain shifts to dam 40 miles from where he was last seen in Nashville
- Detroit Lions release CB Cam Sutton after alleged domestic violence incident
- Drawing nears for $997M Mega Millions jackpot
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- In 1979, a boy in Illinois found the charred remains of a decapitated man. The victim has finally been identified.
- Police find Missouri student Riley Strain’s body in Tennessee river; no foul play suspected
- Stellantis lays off about 400 salaried workers to handle uncertainty in electric vehicle transition
Recommendation
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Millie Bobby Brown and Jake Bongiovi's Wedding Will Be Officiated by This Stranger Things Star
Annoyed With Your Internet Connection? This Top-Rated Wi-Fi Extender Is $15 during Amazon's Big Sale
Liberal Wisconsin justice won’t recuse herself from case on mobile voting van’s legality
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Stellantis recalls nearly 285,000 cars to replace side air bags that can explode and hurl shrapnel
NFL will allow Eagles' Tush Push play to remain next season
Amid migrant crisis, Massachusetts debates how best to keep families housed