Current:Home > NewsKevin 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
Indexbit Exchange View
Date:2025-03-11 08:31:55
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! (7)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- TikTok's 'let them' theory aims to stop disappointment, FOMO. Experts say it's worth a try.
- Ellen DeGeneres Reflects on One of Her Final Trips with Stephen “tWitch” Boss on Anniversary of His Death
- Man allegedly involved in shootout that left him, 2 Philadelphia cops wounded now facing charges
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- The Powerball jackpot is halfway to $1 billion: When is the next drawing?
- After 18 years living with cancer, a poet offers 'Fifty Entries Against Despair'
- People have been searching for this song from 'The X-Files' for 25 years. Until now
- The White House is cracking down on overdraft fees
- Jake Paul praises, then insults Andre August: 'Doubt he’s even going to land a punch'
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Secret filming in sports isn't limited to football. It's just hard to prove.
- Albania’s Constitutional Court blocks Parliament’s ratification of deal with Italy on migrants
- Is a soft landing in sight? What the Fed funds rate and mortgage rates are hinting at
- The Grammy nominee you need to hear: Esperanza Spalding
- BP denies ex-CEO Looney a $41 million payout, saying he misled the firm over work relationships
- Oprah Winfrey dons purple gown for Smithsonian painting: Inside the portrait unveiling
- New sanctions from the US and Britain target Hamas officials who help manage its financial network
Recommendation
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Oprah Winfrey dons purple gown for Smithsonian painting: Inside the portrait unveiling
Pakistan court says military trials can resume for 103 supporters of Imran Khan
Maryland Gov. Wes Moore says Baltimore Orioles lease deal is ‘imminent’
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Supreme Court will hear a case that could undo Capitol riot charge against hundreds, including Trump
Warriors' Draymond Green ejected for striking Suns center Jusuf Nurkic in head
Philips CPAP users can now file for piece of proposed $479 million settlement. Here's how to apply.