Current:Home > InvestKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -DataFinance
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-15 04:45:16
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! (72426)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- This house from 'Home Alone' is for sale. No, not that one.
- Trump will be honored as Time’s Person of the Year and ring the New York Stock Exchange bell
- Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- 'Maria' review: Angelina Jolie sings but Maria Callas biopic doesn't soar
- Gen Z is 'doom spending' its way through the holidays. What does that mean?
- California judges say they’re underpaid, and their new lawsuit could cost taxpayers millions
- Highlights from Trump’s interview with Time magazine
- KISS OF LIFE reflects on sold
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Sabrina Carpenter Shares Her Self
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Dropping Hints
- Woody Allen and Soon
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Follow Your Dreams
- 'Mary': How to stream, what biblical experts think about Netflix's new coming
- What Americans think about Hegseth, Gabbard and key Trump Cabinet picks AP
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
See Mariah Carey and Nick Cannon's Twins Monroe and Moroccan Gift Her Flowers Onstage
Chiquis comes from Latin pop royalty. How the regional Mexican star found her own crown
Our 12 favorites moments of 2024
Former Danish minister for Greenland discusses Trump's push to acquire island
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Follow Your Dreams
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Dropping Hints