Current:Home > ScamsKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Zenith Money Vision
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-25 23:05:52
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! (934)
Related
- Average rate on 30
- Tampa Bay Rays' Luke Raley hits unique inside-the-park HR, ball bounces off top of wall
- Utah man shot by FBI brandished gun and frightened Google Fiber subcontractors in 2018, man says
- A Rare Look Inside Kaia Gerber and Austin Butler's Private Romance
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- 'Blue Beetle' review: Xolo Mariduena's dazzling Latino superhero brings new life to DC
- Kendall Jenner Shares Her Secret to “Attract” What She Wants in Life
- 2 Florida men sentenced to federal prison for participating in US Capitol riot
- Sam Taylor
- Maui fire survivors are confronting huge mental health hurdles, many while still living in shelters
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Hillsong Church founder Brian Houston found not guilty of concealing his father’s child sex crimes
- Rory McIlroy, Brian Harman, Grandma Susie highlight first round at 2023 BMW Championship
- Dancing With the Stars' Emma Slater Shares Reason Behind Sasha Farber Divorce
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Former Indiana Commerce Secretary Brad Chambers joins the crowded Republican race for governor
- Rory McIlroy, Brian Harman, Grandma Susie highlight first round at 2023 BMW Championship
- Ron Forman, credited with transforming New Orleans’ once-disparaged Audubon Zoo, to retire
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
As glaciers melt, a new study seeks protection of ecosystems that emerge in their place
As glaciers melt, a new study seeks protection of ecosystems that emerge in their place
Videos show flames from engine of plane that returned to Houston airport after takeoff
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Dear Bookseller: Why 'The Secret Keepers' is the best book for precocious kids
Dozens of Senegalese migrants are dead or missing after their boat is rescued with 38 survivors
How 5th Circuit Court of Appeals mifepristone ruling pokes holes in wider FDA authority