Current:Home > InvestKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Zenith Profit Hub
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-17 13:05:51
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! (1394)
Related
- A South Texas lawmaker’s 15
- Fading Winters, Hotter Summers Make the Northeast America’s Fastest Warming Region
- McCarthy says I don't know if Trump is strongest GOP candidate in 2024
- 4 Ways to Cut Plastic’s Growing Greenhouse Gas Emissions
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Travis Barker Calls Alabama Barker His Twin in Sweet Father-Daughter Photos
- Ryan Mallett, former NFL quarterback, dies in apparent drowning at age 35
- Poor Nations to Drop Deforestation Targets if No Funding from Rich
- US appeals court rejects Nasdaq’s diversity rules for company boards
- 40-Plus Groups Launch Earth Day Revolution for Climate Action
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- As Scientists Struggle with Rollbacks, Stay At Home Orders and Funding Cuts, Citizens Fill the Gap
- Stimulus Bill Is Laden With Climate Provisions, Including a Phasedown of Chemical Super-Pollutants
- Rebuilding After the Hurricanes: These Solar Homes Use Almost No Energy
- Trump issues order to ban transgender troops from serving openly in the military
- New York, Massachusetts Move on Energy Storage Targets
- Trump Aims to Speed Pipeline Projects by Limiting State Environmental Reviews
- Is a Conservative Climate Movement Heating Up?
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Stimulus Bill Is Laden With Climate Provisions, Including a Phasedown of Chemical Super-Pollutants
Angela Bassett and Mel Brooks to receive honorary Oscars
Michigan man accused of planning synagogue attack indicted by grand jury
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
As Scientists Struggle with Rollbacks, Stay At Home Orders and Funding Cuts, Citizens Fill the Gap
Travis Barker Calls Alabama Barker His Twin in Sweet Father-Daughter Photos
Some Fourth of July celebrations are easier to afford in 2023 — here's where inflation is easing