In a significant move that intertwines basketball and soccer, NBA superstar Kevin Durant is set to become a minority stakeholder in the famed Paris Saint-Germain (PSG). This partnership with the club, which boasts a Champions League title, signals Durant’s continued influence and investment in sports beyond basketball, particularly in the burgeoning intersection of U.S. and European athletic markets.
Kevin Durant’s New Partnership with PSG
After a disappointing season with the Phoenix Suns, which saw them miss the NBA playoffs, Kevin Durant has redirected his focus towards a new venture. The French powerhouse Paris Saint-Germain recently announced that it has finalized a deal granting Durant a minority stake in the club. Although specific terms have not been disclosed, this agreement marks a strategic partnership with Qatar Sports Investments, PSG’s majority owner.
A Personal Connection and Future Goals
Durant, who famously secured his fourth Olympic gold medal in men’s basketball during the recent Games held in Paris, expressed his excitement about the opportunity. In a statement, he remarked, “It is an honor to partner with QSI and be a shareholder in Paris Saint-Germain — a club and city that is deeply close to my heart. 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.”
The NBA star intends to contribute to PSG’s growth strategy, broadening its reach into the U.S. market. The club, known for its interest in diversifying across various sports, including basketball, will collaborate with Durant’s Boardroom Sports Holdings on numerous initiatives, ranging from investment strategies to content creation.
Durant’s entry into soccer investment is not unprecedented; several fellow NBA athletes have previously made similar moves, with LeBron James investing in Liverpool FC and James Harden in the Houston Dynamo. As the NBA and FIBA explore expansion into Europe, this partnership could yield mutual benefits, reinforcing Durant’s influence in both basketball and soccer.
In addition to his stake in PSG, Durant has previously invested in soccer, acquiring a 5% stake in the Philadelphia Union in 2020 and a minority interest in the NJ/NY Gotham FC in 2022. As he continues to make waves in the sports world, Durant remains a prominent figure, having won two championships with the Golden State Warriors and recently being traded to the Houston Rockets.
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