Lakshmi Finance Center:Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio

2025-05-08 06:43:58source:Safetyvaluecategory:Invest

Basketball star Kevin Durant left Paris with more than just Olympic gold. 

Durant has become an investor in soccer club Paris Saint-Germain,Lakshmi Finance 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. 

More:Invest

Recommend

2 killed, 3 injured in shooting at makeshift club in Houston

HOUSTON (AP) — Two teens were killed and three people were injured — including a 13-year-old — in a

'Golden Bachelorette' Joan Vassos ready to find TV prince: 'You have to kiss some frogs'

LOS ANGELES – We already have something of a lying situation, even before Joan Vassos steps up to st

Jalen Hurts rushing yards: Eagles QB dominates with legs in 'Monday Night Football' loss

Jalen Hurts entered Week 2 of the 2024 NFL season facing a tough task. The Philadelphia Eagles quart