Kevin Durant acquires minority stake in Paris Saint-Germain

Kevin Durant, the NBA star and Phoenix Suns forward, has become a minority shareholder in Paris Saint-Germain (PSG) through his media and investment company, Boardroom, in partnership with Qatar Sports Investments (QSI), the club's majority owner. This strategic partnership will encompass commercial, investment, and content initiatives aimed at expanding PSG's brand presence in the United States and internationally, as well as supporting the club's broader multi-sport ambitions, including potential developments in basketball. Durant expressed his enthusiasm for joining a club and city close to his heart and looks forward to contributing to PSG’s future growth. PSG president Nasser Al-Khelaïfi highlighted the collaboration's goal to drive the continued global expansion of PSG and QSI. Durant's investment aligns with a growing trend of prominent U.S. athletes investing in European football clubs, following examples like LeBron James and Tom Brady. The partnership also coincides with ongoing discussions among basketball governing bodies about launching a new league in Europe, further underscoring Durant's role in bridging basketball and football ventures.