Kevin Durant Becomes Minority Owner of French Soccer Club Paris Saint-Germain
Kevin Durant left Paris with his fourth gold medal and a new investment to add to the high-level partnerships he has developed during his 15-year career. The two-time NBA champion became a minority investor in the French club Paris Saint-Germain. The Athletic reported that the 14-time All-Star made this investment through his firm, Boardroom Sports Holdings.
This marks the second soccer team Durant has invested in, as he also holds a stake in the MLS team Philadelphia Union. Durant’s friend and business partner, Rich Kleiman, facilitated the partnership with Arctos Sports Partners to close this deal. The private investment firm holds a 12.5% ownership stake in the club.
Hours before his gold-medal match, a video posted by the French club on social media showed Durant touring the campus with Kleiman.
Kevin Durant at the PSG Campus
Before tonight’s final, take a look back at Kevin Durant’s visit to the PSG Campus pic.twitter.com/qZjHEXfPBW
— Paris Saint-Germain (@PSG_English) August 10, 2024
Durant is aligning with a powerhouse in PSG, who have won six of the past Ligue 1 titles, dominating the French league. Despite losing young star Kylian Mbappe, PSG remains a formidable club with a talented roster.
Durant’s career trajectory mirrors that of LeBron James, Tom Brady, Steph Curry, Chris Paul, and Andre Iguodala, who helped Durant immerse himself in tech investments when he arrived in San Francisco. The trend of athletes becoming billionaires and creating generational wealth is inspiring.
Durant continues to move progressively in the right direction as he plans for life after basketball.The post Kevin Durant Becomes Minority Owner of French Soccer Club Paris Saint-Germain appeared first on Baller Alert.
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