Current:Home > StocksKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -TradeWisdom
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
Charles H. Sloan View
Date:2025-04-09 03:34:22
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! (4)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Floods in southern Brazil kill at least 60, more than 100 missing
- Even Katy Perry's Mom Fell for Viral AI Photos of Her at the 2024 Met Gala
- David Corenswet's Superman revealed in James Gunn reboot first look
- Skins Game to make return to Thanksgiving week with a modern look
- Gaza protestors picket outside of Met Gala 2024
- A Town Board in Colorado Considers a Rights of Nature Repeal
- New York sues anti-abortion groups for promoting false treatments to reverse medication abortions
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- NHL draft lottery odds, top prospects, how to watch
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Ariana Grande’s Glimmering Second 2024 Met Gala Look Is Even Better Than Her First
- Hyundai, Ford among 257,000 vehicles recalled: Check car recalls here
- Penske suspends Cindric and 3 others in the wake of a cheating scandal ahead of the Indianapolis 500
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Kylie Jenner's Bombshell 2024 Met Gala Look Proves That She Likes It Hot
- This is the FJ Cruiser pickup truck that Toyota should have built
- We Can't Get Enough of Jennifer Lopez's Diamond Naked Dress at the 2024 Met Gala
Recommendation
'Most Whopper
Rita Ora Reveals 2024 Met Gala Dress Features Beads Older Than Anyone On This Planet
Atlanta to pay $3.8 million to family of church deacon who died in struggle with officer
Teyana Taylor’s Ex Iman Shumpert Reacts to Her Met Gala 2024 Transformation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Demi Moore's 2024 Met Gala Dress Is, Um, Made From Wallpaper
2024 Met Gala: See Every Kardashian-Jenner Fashion Moment on the Red Carpet
Teyana Taylor Debuts Blonde Bombshell Transformation at 2024 Met Gala