Durant Invests in PSG: NBA Star Joins Champions League Club

Kevin Durant Invests in Paris Saint-Germain

Phoenix Suns forward Kevin Durant has acquired a minority stake in Champions League champion Paris Saint-Germain, the Ligue 1 club announced this Friday. Qatar Sports Investments, the majority shareholder of PSG, signed an investment and strategic partnership agreement with Durant, according to a club statement. The financial terms of the agreement were not disclosed.

“According to the terms of the association, Durant, through his media and investment company Boardroom, co-founded with his business partner Rich Kleiman, will acquire a direct minority stake in the club,” detailed the PSG statement.

PSG

Durant, 36 years old, is a two-time NBA champion and one of the most outstanding players in the league. The player became the first male Olympic basketball gold medalist on four occasions when the United States won gold at the Paris Olympics last summer.

“It’s an honor to partner with QSI and be a shareholder of Paris Saint-Germain, a club and a city that are deeply close to my heart,” Durant expressed in statements provided by PSG. “This club has big plans and I look forward to being part of the next phase of growth and exploring new investment opportunities with QSI.”

Kevin Durant

As part of the agreement, Boardroom Sports Holdings, Durant’s personal investment vehicle, which holds stakes in several major sports teams and leagues, and QSI will join forces on a wide range of commercial, investment, and content production initiatives. PSG added that Durant will support the club’s diversification and growth strategy, as well as the club’s development in the United States and other international markets. He will also provide expertise in the club’s multi-sport strategy, including future plans in basketball.

“Together with Kevin, we look forward to developing ambitious initiatives that will drive the continued global growth of Paris Saint-Germain and QSI,” said PSG President Nasser Al Khelaïfi.

Nasser Al Khelaïfi

In 2020, Durant acquired a 5% stake in the MLS club, Philadelphia Union.