Current:Home > FinanceKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -FundGuru
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-16 16:06:03
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! (253)
Related
- Could your smelly farts help science?
- Trump posts $91 million bond to appeal E. Jean Carroll defamation verdict
- Virginia Beach yacht, 75-foot, catches fire, 3 people on board rescued in dramatic fashion
- Maui officials aim to accelerate processing of permits to help Lahaina rebuild
- What do we know about the mysterious drones reported flying over New Jersey?
- Why Love Is Blind Fans Think Chelsea Blackwell and Jimmy Presnell Are Dating Again
- 'Normalize the discussion around periods': Jessica Biel announces upcoming children's book
- California school district changes gender-identity policy after being sued by state
- Travis Hunter, the 2
- North Carolina Gov. Roy Cooper rescinds 2021 executive order setting NIL guidelines in the state
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Barack Obama turned down a '3 Body Problem' cameo in the best way to 'GOT' creators
- Media mogul Rupert Murdoch is planning a fifth walk down the aisle this June
- NFL free agency 2024: Ranking best 50 players set to be free agents
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Man accused of firing gun from scaffolding during Jan. 6 Capitol riot arrested
- Former president of Honduras convicted in US of aiding drug traffickers
- Baltimore Ravens DT Justin Madubuike agrees to four-year, $98M contract extension
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Pierce Brosnan says 'Oppenheimer' star Cillian Murphy would be 'magnificent' James Bond
Ireland’s Constitution says a woman’s place is in the home. Voters are being asked to change that
This 21-year-old Republican beat a 10-term incumbent. What’s next for Wyatt Gable?
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Is TikTok getting shut down? Congress flooded with angry calls over possible US ban
Government funding bill advances as Senate works to beat midnight shutdown deadline
'God help her': Dramatic video shows zookeepers escape silverback gorilla in Fort Worth