Kevin Durant just won gold at the 2024 Paris Olympics, but a medal isn’t the only thing he’s collected in Paris. The two-time NBA champion and 14-time All-Star has become a minority investor in French club Paris Saint-Germain.
Durant announced the investment through Boardroom, his media and entertainment company, on Monday. The investment by Durant and his business partner Rich Kleiman was made through Arctos Partners, which bought a 12.5% stake in the club in December, and is said to be in the “single-digit millions”.
BREAKING: Two-time NBA champion Kevin Durant has invested in Paris Saint-Germain through Boardroom Sports Holdings, LLC via Arctos Partners, the club’s strategic minority investor.
More details will be announced shortly. image.twitter.com/pcXSJugqf6
— Boardroom (@boardroom) August 12, 2024
On Saturday, hours before Durant and the U.S. basketball team faced France in the gold medal game, PSG posted a video of Durant taking a look around the PSG campus, perhaps hinting at his future investment.
Kevin Durant on the PSG Campus
Ahead of tonight’s final, check out Kevin Durant’s visit to the PSG Campus image.twitter.com/qZjHEXfPBW
— Paris Saint-Germain (@PSG_English) August 10, 2024
Durant is already a minority owner of two soccer teams: he became an investor in MLS club Philadelphia Union in 2020 and joined the minority ownership of NWSL club NJ/NY Gotham FC in 2022. Durant also has a stake in Major League Baseball pickleball club Brooklyn Aces.
PSG is one of the most dominant clubs in Europe, having won the last six titles in Ligue 1, France’s top league. It is the seventh most valuable football club in the world by Sportsvalued at $4.05 billion. The club is majority-owned by Qatar Sports Investments, which bought the club in 2011.
The club will be in something of a transition after losing superstar Kylian Mbappe to Real Madrid this summer, but are still expected to do very well in Ligue 1.
