PARIS, FRANCE – AUGUST 10: Kevin Durant of Team USA poses at the Men’s Gold Medal Ceremony, Game 50, between France and the United States on Day 15 of the Paris 2024 Olympic Games at Bercy Arena on August 10, 2024 in Paris. France. (Photo via Jari Pestelacci/Eurasia Sport Images/Getty Images)
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Kevin Durant left Paris with more than gold.
In Paris, Durant completed the acquisition of a minority stake in the legendary Paris Saint-Germain football club, its business arm, Boardroom Sports.
In Pois, Durant took some time to visit the PSG campus and meet with the team’s president, Nasser Al-Khelaifi.
PSG plays in Ligue 1, the first French championship, where it is the defending champion and the dominant force for more than a decade. However, this summer they lost French star Kylian Mbappé to Real Madrid. However, PSG are a deep team and the favorite to repeat their Ligue 1 championship title.
It’s an investment in the order of “single-digit millions,” with Durant and Boardroom Sports making an investment through a special arm of Arctos, a personal investment company that owns 12. 5% of PSG. Durant also owns a member of MLS’s Philadelphia Union. .
Durant is the only NBA player to own a percentage of a European soccer club. LeBron James, through Fenway Sports Group, owns a percentage of the Premier League’s Liverpool FC. Steve Nash, a huge football fan and player, is co-owner. of Vancouver Whitecaps FC and RCD Mallorca of MLS, James Harden owns a share of Houston Dynamo of MLS and Dwayne Wade owns a share of Real Salt Lake of MLS.
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