Current:Home > FinanceKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Wealth Legacy Solutions
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-14 20:03:01
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! (2559)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Cost of repairs and renovations adds thousands of dollars to homeownership
- Driver in Malibu crash that killed 4 Pepperdine students pleads not guilty to murder
- AP Week in Pictures: Europe and Africa
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Judge says Georgia’s congressional and legislative districts are discriminatory and must be redrawn
- Maine mass shooting victims: What to know about the 18 people who died
- Judge in Trump's New York fraud trial upholds $10,000 fine for violating gag order
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Darius Miles, ex-Alabama basketball player, denied dismissal of capital murder charge
Ranking
- Intellectuals vs. The Internet
- Snow piles up in North Dakota as region’s first major snowstorm of the season moves eastward
- Britney Spears Reveals What Exes Justin Timberlake and Kevin Federline Ruined for Her
- Kris Jenner calls affair during Robert Kardashian marriage 'my life's biggest regret'
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- China’s top diplomat visits Washington to help stabilize ties and perhaps set up a Biden-Xi summit
- Augusta National not changing Masters qualifying criteria for LIV golfers in 2024
- Jay-Z talks 'being a beacon,' settles $500K or lunch with him debate
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Judge says Georgia’s congressional and legislative districts are discriminatory and must be redrawn
Federal judge rules Georgia's district lines violated Voting Rights Act and must be redrawn
'Fellow Travelers' is an 'incredibly sexy' gay love story. It also couldn't be timelier.
Current, future North Carolina governor’s challenge of power
Exclusive: Mother of 6-year-old Muslim boy killed in alleged hate crime speaks out
The Golden Bachelor Just Delivered 3 Heartbreaking Exits and We Are Not OK
1 of 4 men who escaped from a central Georgia jail has been caught, authorities say