Current:Home > ScamsKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -WealthSync Hub
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-18 11:26:57
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! (6)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Cecily Strong Is Engaged—And Her Proposal Story Is Worthy of a Saturday Night Live Sketch
- Clark invited to play with US national team during training camp at Final Four
- Shakira and Emily in Paris Star Lucien Laviscount Step Out for Dinner in NYC
- A South Texas lawmaker’s 15
- Five tough questions in the wake of the Baltimore Key Bridge collapse
- Draymond Green ejected less than four minutes into Golden State Warriors' game Wednesday
- After 'Quiet on Set,' Steve from 'Blue's Clues' checked on Nickelodeon fans. They're not OK.
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Two bodies recovered from vehicle underwater at Francis Scott Key Bridge collapse site
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- Kentucky Senate approves expanding access to paid family leave
- Settlement reached in lawsuit between Gov. DeSantis allies and Disney
- Usher has got it bad for Dave's Hot Chicken. He joins Drake as newest celebrity investor
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Trump will attend the wake of a slain New York police officer as he goes after Biden over crime
- Video shows 'Cop City' activists chain themselves to top of 250-foot crane at Atlanta site
- What caused the Dali to slam into Baltimore's Francis Scott Key Bridge? What we know about what led up to the collapse
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
The Daily Money: When retirement is not a choice
Terrence Shannon Jr. case shows how NIL can increase legal protection for college athletes
Beyoncé called out country music at CMAs. With 'Act II,' she's doing it again.
'Most Whopper
House Speaker Mike Johnson will send Mayorkas impeachment to the Senate next month
The White House expects about 40,000 participants at its ‘egg-ucation'-themed annual Easter egg roll
Employer of missing bridge workers vows to help their families. They were wonderful people, exec says.