Kevin Durant’s Boardroom launches leisure and sports activities advisory agency

Sep 19, 2023 | blog

NBA participant Kevin Durant attends a 2023 FIBA World Cup exhibition recreation between Puerto Rico and the United States at T-Mobile Arena on August 07, 2023 in Las Vegas, Nevada.
Ethan Miller | Getty Images

NBA famous person Kevin Durant and enterprise companion Rick Kleiman on Tuesday introduced the launch of latest advisory agency below the duo’s Boardroom media firm.

The agency, Boardroom Advisory, will function on a yearly charge construction and work with athletes in addition to executives and types on creating enterprise and sports activities possession alternatives, content material and extra, the corporate stated in a press launch.

“What our team has built with Boardroom speaks for itself, and it was born out of many of the relationships we have cultivated along the way,” Durant stated within the launch. “Boardroom Advisory is a natural extension of the brand, and is a way for us to bring our resources to other athletes.”

Durant is amongst a slew of famous person athletes to department out within the sports activities media and leisure world. NBA rival Lebron James’ video manufacturing firm SpringHill was valued at $725 million after the corporate offered a minority stake to buyers. Soccer star Cristiano Ronaldo is likely one of the richest athletes on the earth, whose social media affect makes him hundreds of thousands per put up, thanks largely to his $1 billion greenback lifetime take care of Nike.

Durant and Kleiman based Boardroom in 2019. The media model covers the enterprise behind media, sports activities and music. The firm additionally produces authentic content material. “The Boardroom,” a sequence of roundtable discussions on ESPN+, ran for 2 seasons. The firm’s funding portfolio stretches to over 100 early stage investments throughout the sports activities and enterprise area.

Durant, a 13-time NBA all-star and former MVP, has performed for Golden State, Oklahoma City and Brooklyn. Now, he is on the Phoenix Suns. Kleiman is Durant’s long-time supervisor. The two co-founded 35V (35 Ventures), a sports activities, media and leisure firm, in 2016.

CNBC has reached out to a consultant of Boardroom for remark and knowledge on potential shoppers.

Business supervisor Lorenzo McCloud, who has labored with Philadelphia 76ers guard and former Durant teammate James Harden, will be part of the agency as director of expertise relations.

Disclosure: CNBC partnered with Boardroom on the Game Plan convention over the summer time.

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