Current:Home > BackKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio-DB Wealth Institute B2 Expert Reviews
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View Date:2025-01-11 03:04:47
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! (429)
Related
- Secret Service Agent Allegedly Took Ex to Barack Obama’s Beach House
- Lisa Marie Presley posthumous memoir announced, book completed by daughter Riley Keough
- Hundreds gather in Ukraine’s capital to honor renowned poet who was also a soldier killed in action
- Who should Alabama hire to replace Nick Saban? Start with Kalen DeBoer of Washington
- Sports are a must-have for many girls who grow up to be leaders
- US adults across racial groups agree the economy is a top priority, AP-NORC and AAPI Data polls show
- FACT FOCUS: Discovery of a tunnel at a Chabad synagogue spurs false claims and conspiracy theories
- Intimidated by Strength Training? Here's How I Got Over My Fear of the Weight Room
- Police capture Tennessee murder suspect accused of faking his own death on scenic highway
- 50 Cent posted about a 'year of abstinence.' Voluntary celibacy is a very real trend.
Ranking
- American Idol’s Triston Harper, 16, Expecting a Baby With Wife Paris Reed
- Greek prime minister says legislation allowing same-sex marriage will be presented soon
- Tennessee governor unveils legislation targeting use of artificial intelligence in music
- Michael Strahan's 19-Year-Old Daughter Isabella Details Battle With Brain Cancer
- Rep. Michael McCaul of Texas says he was detained in airport over being ‘disoriented’
- Plan for Gas Drilling Spree in New York’s Southern Tier Draws Muted Response from Regulators, But Outrage From Green Groups
- Lake Powell Is Still in Trouble. Here’s What’s Good and What’s Alarming About the Current Water Level
- Vivek Ramaswamy says he's running an America first campaign, urges Iowans to caucus for him to save Trump
Recommendation
-
Martha Stewart playfully pushes Drew Barrymore away in touchy interview
-
Plan for Gas Drilling Spree in New York’s Southern Tier Draws Muted Response from Regulators, But Outrage From Green Groups
-
Greta Gerwig, Christopher Nolan, Martin Scorsese receive Directors Guild nominations
-
Calvin Klein's FKA twigs ad banned in U.K. for presenting singer as 'sexual object'
-
'Red One' review: Dwayne Johnson, Chris Evans embark on a joyless search for Santa
-
New England Patriots Coach Bill Belichick Leaving Team After 24 Seasons
-
Todd and Julie Chrisley Receive $1 Million Settlement After Suing for Misconduct in Tax Fraud Case
-
US pastors struggle with post-pandemic burnout. Survey shows half considered quitting since 2020