Kevin Durant simply gained gold on the 2024 Paris Olympics, however a medal is not the one assume he picked up in Paris. The 2-time NBA champion and 14-time All-Star has turn out to be a minority investor in French membership Paris Saint-Germain.
Durant introduced the funding by means of Boardroom, his media and leisure enterprise, on Monday. The funding from Durant and his enterprise associate Wealthy Kleiman went by means of Arctos Companions, which bought a 12.5% stake within the membership in December, and is reportedly within the “single-digit thousands and thousands.”
BREAKING: 2x NBA Champion Kevin Durant has invested in Paris Saint-Germain by means of his Boardroom Sports activities Holdings, LLC through Arctos Companions, the strategic minority investor within the membership.
Additional particulars to be introduced shortly. pic.twitter.com/pcXSJugqf6
— Boardroom (@boardroom) August 12, 2024
On Saturday, hours earlier than Durant and USA basketball took on France within the gold-medal match, PSG posted a video of Durant looking on the PSG campus — maybe hinting at his future funding.
🏀 Kevin Durant on the PSG Campus 🤝
📺 Earlier than tonight’s closing, have a look again at Kevin Durant’s go to to the PSG Campus 🔴🔵 pic.twitter.com/qZjHEXfPBW
— Paris Saint-Germain (@PSG_English) August 10, 2024
Durant is already a minority proprietor in two soccer groups: He grew to become an investor within the MLS membership Philadelphia Union in 2020, and joined the minority possession of NWSL membership NJ/NY Gotham FC in 2022. Durant additionally holds a stake within the Main League Pickleball membership Brooklyn Aces.
PSG is without doubt one of the most dominant golf equipment in Europe, having gained the previous six titles in Ligue 1, the highest French league. It’s the seventh most beneficial soccer membership on the earth, per Sportico, valued at $4.05 billion. The bulk stake within the membership is owned by Qatar Sports activities Investments, which bought the membership in 2011.
The membership shall be in a little bit of transition after dropping famous person Kylian Mbappé to Actual Madrid this summer time, however continues to be anticipated to do very properly in Ligue 1.
