Current:Home > FinanceKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Capital Dream Guides
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-18 17:23:29
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! (84537)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Jackie Robinson is rebuilt in bronze in Colorado after theft of statue from Kansas park
- At North Carolina’s GOP convention, governor candidate Robinson energizes Republicans for election
- Every Time Taylor Swift Shook Off Eras Tour Malfunctions and Recovered Like a Pro
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Storytelling program created by actor Tom Skerritt helps veterans returning home
- Groups claim South Florida districts are racially gerrymandered for Hispanics in lawsuit
- Ranked-choice voting has challenged the status quo. Its popularity will be tested in November
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Bear shot dead by Arizona game officers after swipe attack on teen in mountain cabin
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- NASCAR at Charlotte spring 2024: Start time, TV, streaming, lineup for Coca-Cola 600
- A 19th century flag disrupts leadership at an Illinois museum and prompts a state investigation
- Grayson Murray dies at age 30 a day after withdrawing from Colonial, PGA Tour says
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Grow Apart
- Drowning is a top cause of death for young children. Here's what parents should know.
- NCAA lacrosse semifinals: Notre Dame rolls Denver, Maryland tops Virginia for title game spot
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
What is the first round order for the 2024 NHL draft? Who are the top prospects?
Walmart ends exclusive deal with Capital One for retailer's credit card
Leclerc takes pole position for Monaco GP and ends Verstappen’s bid for F1 record
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Lenny Kravitz on inspiration behind new album, New York City roots and more
Five-time WNBA All-Star understands Caitlin Clark's growing pains: 'Happens to all of us'
5 killed in attack at Acapulco grocery store just days after 10 other bodies found in Mexican resort city