Current:Home > ContactKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -Infinite Edge Capital
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-23 04:36:02
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! (43496)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Mel B Reveals Why She Got Kicked Out of the Spice Girls Group Chat
- Winner in Portland: What AP knows about the $1.3 billion Powerball jackpot so far
- ‘Civil War’ might be the year’s most explosive movie. Alex Garland thinks it’s just reporting
- Intellectuals vs. The Internet
- Can cats get bird flu? How to protect them and what else to know amid the outbreak
- At movie industry convention, leaders say blockbusters alone aren’t enough
- Can’t get enough of the total solar eclipse or got clouded out? Here are the next ones to watch for
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- The Small Business Administration offers assistance for small biz hurt by Maryland bridge collapse
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Powerball winning ticket sold in Oregon for $1.326 billion jackpot
- Why is looking at a solar eclipse dangerous without special glasses? Eye doctors explain.
- Maryland lawmakers say coming bill will clarify that feds fully pay for replacing Baltimore bridge
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Watch rare pink volcanic vortex bubbles spew out of Italy's Mount Etna
- Former 'Blue's Clues' host Steve Burns shares 'horror and heartbreak' about 'Quiet on Set'
- The keys for Monday night’s national title game between UConn and Purdue
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Stock market today: Asia stocks rise with market focus on signs of interest rate cut
Conservative hoaxers to pay up to $1.25M under agreement with New York over 2020 robocall scheme
Many parents give their children melatonin at night. Here's why you may not want to.
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Can cats get bird flu? How to protect them and what else to know amid the outbreak
Missy Elliott announces first headlining tour featuring Busta Rhymes, Ciara and Timbaland
Here's what's on Jon Rahm's menu at the annual Masters Champions Dinner