Current:Home > FinanceKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -SecureWealth Bridge
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-19 19:53:58
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! (6)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Lawsuit says Pennsylvania county deliberately hid decisions to invalidate some mail-in ballots
- Nevada verifies enough signatures to put constitutional amendment for abortion rights on ballot
- 2024 French election begins, with far-right parties expected to make major gains in parliament
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Some Gen Xers can start dipping into retirement savings without penalty, but should you?
- Florida man admits to shooting at Walmart delivery drone, damaging payload
- California Communities Celebrate ‘Massive’ Victory as Oil Industry Drops Unpopular Referendum
- The Super Bowl could end in a 'three
- Full transcript of Face the Nation, June 30, 2024
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Justice Department presents plea deal to Boeing over alleged violations of deferred prosecution agreement
- Blake Lively Shares Peek Into Her Italian Vacation—And the Friends She Made Along the Way
- The Karen Read murder case ends in a mistrial. Prosecutors say they will try again
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Pennsylvania man killed when fireworks explode in his garage
- You're going to need more than Medicare when you retire. These 3 numbers show why.
- NHL reinstates Stan Bowman, Al MacIsaac and Joel Quenneville after Blackhawks scandal
Recommendation
A South Texas lawmaker’s 15
Former Pioneer CEO and Son Make Significant Political Contributions to Trump, Abbott and Christi Craddick
Family fights for justice and a new law after murder of UFC star's stepdaughter
Small plane with 5 on board crashes in upstate New York. No word on fate of passengers
Trump invites nearly all federal workers to quit now, get paid through September
Why Fans Are Convinced Travis Kelce Surprised Taylor Swift at Her Dublin Show
Stranger Things Star Maya Hawke Shares Season 5 Update That Will Make the Wait Worth It
Oklahoma, Texas officially join SEC: The goals are the same but the league name has changed