US EditionKevin Durant Buys Minority Stake in Paris Saint-Germain, Will Advise Club on Basketball Expansion
- On Friday, Kevin Durant, a 36-year-old two-time NBA champion and Phoenix Suns forward, purchased a minority stake in Paris Saint-Germain, a Ligue 1 and Champions League-winning soccer club.
- Durant's investment follows his previous 5% stake in MLS's Philadelphia Union from 2020 and his exit from a prior indirect PSG stake held via private equity firm Arctos in December 2023.
- Durant secured a stake in PSG through Boardroom, his personal investment and media firm, forming a strategic alliance with Qatar Sports Investments, the club’s majority owner, to collaborate on commercial ventures, content creation, and investment projects.
- Durant expressed his excitement about joining QSI as an investor in Paris Saint-Germain, a team and city he holds dear, while PSG intends to utilize his knowledge to expand its presence across multiple sports, including basketball.
- This partnership signals PSG's intent to expand globally and diversify their sports portfolio, potentially launching basketball initiatives as the NBA explores European expansion, with Durant consulting on these efforts.
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Here’s A Look Inside LeBron James’ Los Angeles Mansion (1:14) Phoenix Suns superstar Kevin Durant has made a lot of money over his career and has been investing his money substantially. His latest big buy might be both an investment and a hobby though.On Friday, The Athletic reported that Durant has partnered with Qatar Sports Investments (QSI) to become an investment partner in the Paris Saint-Germain FC team. PSG just won the UEFA Champions Le…
·Los Angeles, United States
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Paris Saint-Germain announced on Friday that the player of the North American Basketball League has acquired a minority stake in the capital of the club.
·Paris, France
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