It’s not unusual for athletes to build a diversified portfolio of investments, so they’ve got a little something to fall back on when their playing days are over.
But this is not an investment you’d expect.
Oklahoma City Thunder/Texas star Kevin Durant is part of an investment group that raised $2 million to buy and revamp Tiger Beat magazine, according to the New York Times. Yep, Durant has invested in the magazine that cares about what is happening with the likes of One Direction and Ariana Grande.
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The Times story says the other backers include “the banker and entrepreneur Mark Patricof; the television host and comedian Nick Cannon; Steve Tisch, a film producer and the chairman and executive vice president of the New York Giants; and The Daily Mail.”
You know that Durant is going to hear about this in the locker room.