Current:Home > StocksTrendPulse Quantitative Think Tank Center-Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -FundGuru
TrendPulse Quantitative Think Tank Center-Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
TradeEdge View
Date:2025-04-08 12:28:42
Basketball star Kevin Durant left Paris with more than just Olympic gold.
Durant has become an investor in soccer club Paris Saint-Germain,TrendPulse Quantitative Think Tank Center 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! (71977)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- New Jersey Democrat George Helmy sworn in as replacement for Menendez in the Senate
- Wolf pack blamed in Colorado livestock attacks is captured and will be relocated
- Who is Linsey Davis? What to know about ABC anchor moderating Harris-Trump debate
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Ms. Rachel Shares She Had Miscarriage Before Welcoming Baby Boy
- Five charged with kidnapping migrants in US to demand families pay ransom
- Chipotle uses memes for inspiration in first-ever costume line with Spirit Halloween
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Delta Air Lines planes collide on Atlanta taxiway but no one is hurt
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- North Carolina House Rep. Jeffrey Elmore resigning before term ends
- The White Stripes sue Donald Trump for copyright infringement over 'Seven Nation Army'
- Federal criminal trial begins in death of Tyre Nichols with more than 200 potential jurors
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Where Selena Gomez Stands With BFF Taylor Swift Amid Rumors About Their Friendship
- Take 50% Off a Peter Thomas Roth Serum That Instantly Tightens and Lifts Skin & More Sephora Deals
- Books like ACOTAR: Spicy fantasy books to read after ‘A Court of Thorns and Roses’
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
What James Earl Jones had to say about love, respect and his extraordinary career
Dakota Johnson Thought Energy Drink Celsius Was, Um, a Vitamin—And the Result Is Chaos
Commanders release kicker Cade York after two misses in season opener
Most popular books of the week: See what topped USA TODAY's bestselling books list
From Amy Adams to Demi Moore, transformations are taking awards season by storm
Colorado man dies on Colorado River trip; 7th fatality at Grand Canyon National Park since July 31
Steelers plan to start Justin Fields at QB in Week 2 as Russell Wilson deals with injury