EXHIBIT 23.2

CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS

We consent to the reference to our firm under the captions “Selected Consolidated Historical Financial Information of K2 and Fotoball USA” and “Experts” in the Registration Statement (Form S-4) and related Prospectus of K2 Inc. for the registration of 1,118,743 shares of its common stock and to the incorporation by reference therein of our report dated February 20, 2003, except for Note 7 and Note 16 as to which the date is March 26, 2003, with respect to the consolidated financial statements and schedule of K2 Inc. and subsidiaries included in its Annual Report (Form 10-K) for the year ended December 31, 2002, filed with the Securities and Exchange Commission.

/s/    ERNST & YOUNG LLP        

San Diego, California

December 4, 2003