Current:Home > MyKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Keystone Wealth Vision
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-11 22:54:08
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! (56)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Police commander reportedly beheaded and her 2 bodyguards killed in highway attack in Mexico
- March Madness expert picks: Our first round predictions for 2024 NCAA men's tournament
- Pope Francis opens up about personal life, health in new memoir
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Judge clears way for Trump to appeal ruling keeping Fani Willis on Georgia 2020 election case
- Michigan will become the last US state to decriminalize surrogacy contracts
- Make a Racquet for Kate Spade Outlet’s Extra 20% Off Sale on Tennis-Inspired Bags, Wallets & More
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- More than 6 in 10 U.S. abortions in 2023 were done by medication, new research shows
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Photo of Queen Elizabeth II and Grandkids Was Digitally Enhanced at Source, Agency Says
- Louisiana lawmakers seek to ban sex dolls that look like children
- Trump is suing ABC News and George Stephanopoulos for defamation. Here's what to know about his claim.
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- 2 former Mississippi sheriff's deputies sentenced to decades in prison in racially motivated torture of 2 Black men
- Powell may provide hints of whether Federal Reserve is edging close to rate cuts
- Longtime NHL tough guy and Stanley Cup champion Chris Simon dies at 52
Recommendation
DoorDash steps up driver ID checks after traffic safety complaints
Mega Millions jackpot reaches $977 million after no one wins Tuesday’s drawing
Alabama enacts new restrictions on absentee ballot requests
Federal appeals court order puts controversial Texas immigration law back on hold
Intellectuals vs. The Internet
Bruce Springsteen returns to the stage in Phoenix after health issues postponed his 2023 world tour
Jake Gyllenhaal got a staph infection making 'Road House,' says his 'whole arm swelled up'
Kris Jenner mourns loss of 'beautiful' sister Karen Houghton: 'Life is so short and precious'