Current:Home > ScamsKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Golden Summit Finance
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-14 01:13:33
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! (99)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- California mother drowns while trying to rescue daughter from San Joaquin River: Officials
- Top-ranked golfer Scottie Scheffler 'definitely' wants to represent Team USA at Paris Olympics
- Former Missouri day care operator sentenced to 24 years for infant’s death
- Retirement planning: 3 crucial moves everyone should make before 2025
- Chicago mayor’s bumpy first year tests progressive credentials, puzzling some supporters
- Veteran DEA agent sentenced to 3 years for bribing former colleague to leak intelligence
- See Pregnant Hailey Bieber and Justin Bieber Step Out for First Time Since Announcing Baby on the Way
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Benny Blanco Reveals Having Kids Is His “Next Goal” Amid Selena Gomez Romance
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Speaker Mike Johnson’s appearance at Trump’s felony trial marks a remarkable moment in US politics
- Reports: Wisconsin-Green Bay to name Fox Sports radio host Doug Gottlieb as basketball coach
- Houston Astros' Ronel Blanco ejected following lengthy inspection of his glove
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Q&A: Is Pittsburgh Becoming ‘the Plastic City’?
- Lawsuit alleges sexual abuse of teens at now-closed Michigan detention center
- Labor laws largely exclude nannies. Some are banding together to protect themselves
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
Red Lobster abruptly closes dozens of restaurant locations around US, preparing to liquidate
Q&A: Is Pittsburgh Becoming ‘the Plastic City’?
Baby Reindeer's Richard Gadd Reveals What He Won't Comment on Ever Again
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Mississippi man suspected of killing mother, 2 sisters is fatally shot by state troopers in Arizona
Sun shoots out biggest solar flare in nearly a decade, but Earth should be safe this time
Why Oklahoma Teen Found Dead on Highway Has “Undetermined” Manner of Death