Current:Home > MarketsKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Visionary Wealth Guides
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-12 07:11:57
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! (97631)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Dorit Kemsley Grills Kyle Richards About Her Marriage Issues in Tense RHOBH Preview
- UAW ends historic strike after reaching tentative deals with Big 3 automakers
- Biden touting creation of 7 hydrogen hubs as part of U.S. efforts to slow climate change
- What do we know about the mysterious drones reported flying over New Jersey?
- Europe’s inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished
- It's Been a Minute: Britney Spears tells her story
- Day of the Dead 2023: See photos of biggest Día de Los Muertos celebration in the US
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- It's Been a Minute: Britney Spears tells her story
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- See Kendall Jenner's Blonde Transformation Into Marilyn Monroe for Halloween 2023
- 'Alan Wake 2' and the year's best horror games, reviewed
- Bridgerton’s Ruby Barker Shares She Experienced 2 Psychotic Breaks
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- This Is Us Star Milo Ventimiglia Marries Model Jarah Mariano
- Federal agents tackle Jan. 6 defendant Vitali GossJankowski during physical altercation at court hearing
- Afghans in droves head to border to leave Pakistan ahead of a deadline in anti-migrant crackdown
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Travis Barker Reveals Name of His and Pregnant Kourtney Kardashian's Baby Boy
Boston Bruins exact revenge on Florida Panthers, rally from 2-goal deficit for overtime win
Aaron Spears, drummer for Ariana Grande and Usher, dies at 47: 'Absolute brightest light'
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Ex-North Dakota lawmaker charged with traveling to Czech Republic for sex with minor
Biden and Jill Biden hand out books and candy while hosting thousands for rainy trick or treating
Florida health clinic owner sentenced in $36 million fraud scheme that recruited fake patients