Kevin Durant has ventured into football, as he has become a minority stakeholder at Paris Saint Germain.
Kevin Durant Invests In Paris Saint Germain
Boardroom, the media and entertainment brand co-founded by Durant, confirmed the Basketball star’s investment into PSG via a post shared on social media on Monday, August 12, 2024.
The post on social media included a statement which reads: “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.”
Kevin Durant At PSG
Last week, Kevin Durant visited the Parisian club, and the presence of the American athlete at the side was made known through a video posted across their social media accounts on August 10, 2024.
Durant was seen touring the French side’s facility and having a swell time meeting with individuals associated with Paris Saint Germain.
Durant met with the president of Paris Saint Germain, Nasser Al-Khelaifi, during his tour at the club and it appears it was during the meeting that they rubbed minds over the deal.
Moreover, Kevin Durant’s investment firm Boardroom bought a “single digit millions” shareholding of Paris Saint Germain through another financial vehicle known as Arctos Sports Partners.
United States private equity group Arctos Partners, had previously purchased a 12.5% stake in the Parc Des Princes side in December 2023.
American Athletes Pumping Money Into European Football
The 35-year-old becomes the latest in a sprawling list of American athletes that have purchased ownership stakes in European clubs.
Basketball great LeBron James owns a minority stake of Liverpool F.C, having acquired a 2% share in the Merseyside-based club for around $6.5 million in April 2011.
Additionally, former NFL stars J.J. Watt and Tom Brady also have minority stakes in Burnley F.C and Birmingham City F.C respectively.
J.J Watt became co-owner of the Clarets in May 2023, while Brady purchased a minority stake in Birmingham City in August 2023.
Who Is Kevin Durant?
Durant is an American professional basketball player for the Phoenix Suns of the National Basketball Association (NBA).
The 35-year-old is widely regarded as one of the greatest players in NBA history. Kevin Durant has won two NBA championships, an NBA Most Valuable Player Award, two Finals MVP Awards, and two NBA All-Star Game Most Valuable Player Awards.
Durant has claimed four NBA scoring titles, the NBA Rookie of the Year Award, been named to 11 All-NBA teams (including six First Teams), and has also been selected 14 times as an NBA All-Star.
Kevin Durant has won four gold medals in the Olympics – 2012, 2016, 2020 and 2024. He also won gold at the 2010 FIBA World Championship.
Durant’s Personal Information?
Kevin Durant was born on September 29, 1988, in Washington, D.C, United States of America, to mother Wanda and father Wayne Pratt.
Durant has a sister, whose name is Brianna, alongside two brothers, Tony and Rayvonne.
The Phoenix Suns star is currently single, but was previously engaged to former WNBA player Monica Wright.
Kevin Durant’s Net Worth?
Durant’s net worth is estimated to be between the region of $280 million – $350 million.
Kevin Durant At The 2024 Summer Olympics
Kevin Durant helped guide Team USA to a gold medal victory over the host of the 2024 Summer Olympics, France.
The USA submerged France for the second straight Olympics, defeating the European nation 98-87 in the final.
Paris Saint Germain
The Parisians commence the 2024/25 Ligue 1 season with an away game against Le Havre on Friday, August 16, 2024.
They have signed just 3 players this summer, namely; João Neves, Willian Pacho and Matvey Safonov.
Paris Saint Germain are hoping to reach magnificent heights this campaign, with the UEFA Champions League being their major target.
