Current:Home > MyKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -TradeBridge
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-15 09:16:46
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! (465)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Charli XCX and The 1975's George Daniel Pack on the PDA During Rare Outing
- Anthony Edwards gets gold medal shoe from Adidas; Noah Lyles clarifies comments
- Truth Social reports $16M in Q2 losses, less than $1M in revenue; DJT stock falls 7%
- Senate begins final push to expand Social Security benefits for millions of people
- Officer faces murder charge in shooting of pregnant Black woman who was accused of shoplifting
- Watch as mischievous bear breaks into classroom and nearly steals the teacher's lunch
- A Full Breakdown of Jordan Chiles and Ana Barbosu's Olympic Controversy That Caused the World to Flip
- Current, future North Carolina governor’s challenge of power
- Sur La Table Flash Sale: $430 Le Creuset Dutch Oven For $278 & More 65% Off Kitchen Deals Starting at $7
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Charli XCX and The 1975's George Daniel Pack on the PDA During Rare Outing
- Arkansas officer fired after being caught on video beating inmate in back of patrol car
- Los Angeles earthquake follows cluster of California temblors: 'Almost don't believe it'
- The Daily Money: Spending more on holiday travel?
- Federal officials investigating natural gas explosion in Maryland that killed 2
- US Rep. Ilhan Omar, a member of the progressive ‘Squad,’ faces repeat primary challenge in Minnesota
- 2024 Olympics: USA Gymnastics' Appeal for Jordan Chiles' Medal Rejected
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Injured Ferguson police officer wanted to improve department ‘from the inside,’ ex-supervisor says
Former Cornell student gets 21 months in prison for posting violent threats to Jewish students
Remembering comedic genius Robin Williams with son Zak | The Excerpt
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Conservationists try to protect ecologically rich Alabama delta from development, climate change
Don’t Miss Target’s Home Sale: Enjoy Up to 50% off Including a Keurig for $49 & More Deals Starting at $4
Florida now counts 1 million more registered Republican voters than Democrats