NBA star Durant takes minority PSG stake
Kevin Durant, who won gold in the Paris 2024 basketball, has taken a stake in the city's best-known football club Paris Saint-Germain (Aris MESSINIS)
Basketball star Kevin Durant has taken a minority stake in Paris Saint-Germain, the European champions announced Friday, without saying how many shares the power forward had acquired.
The club said in a statement that owners Qatar Sports Investment (QSI) had "signed an investment and strategic partnership agreement with Kevin Durant, one of the most decorated US basketball players of all time and a leading investor in sports and entertainment properties."
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It said Durant would acquire the stake "via his media and investment arm Boardroom".
The club said QSI would cooperate with Boardroom "on a wide-series of commercial, investment, and content initiatives" including merchandise, media content US and international strategy and "potential Basketball/Multi-Sport expansion."
"With Kevin, we look forward to developing ambitious initiatives that will drive the continued global growth of Paris Saint-Germain and QSI," said Nasser Al-Khelaifi, Chairman of QSI.
Durant, 36, is a power forward with the Phoenix Suns. He won two NBA titles with the Golden State Warriors and has four Olympic gold medals, the last from the 2024 Paris Games.
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He said in the PSG statement that PSG and Paris were "a Club and a city that is so close to my heart. This club has big plans ahead, and I can't wait to be a part of the next phase of growth."
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