Kevin Durant left Paris with more than just gold.
While in Paris, Durant finalized purchasing a minority stake in the legendary soccer club Paris Saint-Germain through his business arm, Boardroom Sports.
BREAKING: 2x NBA Champion Kevin Durant has invested in Paris Saint-Germain through his Boardroom Sports Holdings, LLC via Arctos Partners, the strategic minority investor in the club.
— Boardroom (@boardroom) August 12, 2024
Further details to be announced shortly. pic.twitter.com/pcXSJugqf6
While in Paris, Durant took time out to tour the PSG campus and met with team president Nasser Al-Khelaifi.
🏀 Kevin Durant at the PSG Campus 🤝
— Paris Saint-Germain (@PSG_English) August 10, 2024
📺 Before tonight's final, take a look back at Kevin Durant's visit to the PSG Campus 🔴🔵 pic.twitter.com/qZjHEXfPBW
PSG plays in Ligue 1, the top French league, where it is the defending champion and has been the dominant force for more than a decade. However, this summer it lost French star Kylian Mbappé to Real Madrid. Still, PSG is a deep team and the heavy favorite to repeat as Ligue 1 champions.
This is an investment in the “single-digit millions,” with Durant and Boardroom Sports investing through a special arm of Arctos, a private investment firm that owns 12.5% of PSG. Durant also owns a piece of the Philadelphia Union of the MLS.
Durant is not the only NBA player to own a piece of a European soccer club. LeBron James, through the Fenway Sports Group, owns a piece of Liverpool FC of the Premier League. Steve Nash, a huge soccer fan and player, is part owner of the Vancouver Whitecaps FC of the MLS and RCD Mallorca, James Harden owns a piece of the Houston Dynamo of the MLS, and Dwayne Wade owns part of Real Salt Lake of the MLS.
