Kevin Durant Buys Minority Stake in PSG with QSI Partnership

NBA star Kevin Durant has acquired a minority stake in Paris Saint-Germain (PSG) through a strategic partnership with the club's majority owner, Qatar Sports Investments (QSI). Durant, a two-time NBA champion and four-time Olympic gold medalist, will leverage his expertise to support PSG's multi-sport expansion, including plans to grow basketball within the club. The partnership involves Durant's media and investment company, Boardroom, collaborating with QSI on various commercial, investment, and content initiatives aimed at accelerating PSG's diversification and international growth, particularly in the U.S. market. This move aligns with ongoing talks between the NBA, FIBA, and other entities about establishing a new European basketball league, where PSG has shown interest. PSG president Nasser Al-Khelaïfi expressed enthusiasm about working with Durant to drive the club's global growth following their recent Champions League victory. Durant's involvement marks a significant step in his expanding sports ownership portfolio, which includes stakes in other teams and leagues.