Two-time NBA champion Kevin Durant has purchased a minority stake in Champions League winners Paris St-Germain.
The Phoenix Suns ahead has signed a strategic partnership settlement with Qatar Sports activities Investments (QSI), the bulk homeowners of the French membership, and can present experience throughout PSG’s deliberate enlargement into basketball.
Commercial
“It’s an honour to companion with QSI and to be a shareholder of PSG, a membership and a metropolis that’s deeply near my coronary heart,” the four-time Olympic gold medallist stated.
“This membership has huge plans and I look ahead to being a part of the following section of progress and exploring new funding alternatives with QSI.”
Earlier this 12 months, QSI expressed their curiosity in proudly owning a franchise in a European basketball league and the game’s world governing physique Fiba.
PSG stated that they’ll companion with Durant’s media and funding firm Boardroom on a variety of “business, funding and content material initiatives” and that the NBA star will “assist the membership on its continued sports activities and enterprise diversification and progress”.
Commercial
Durant was already linked with the 13-time French champions by means of the membership’s minority shareholder Arctos Companions however has now invested immediately.
Durant, who received two NBA titles with Golden State Warriors and claimed gold on the 2024 Paris Olympics with the USA, was just lately included in .
QSI acquired PSG in 2011 and their funding has helped the membership win 11 Ligue 1 titles and a primary Champions League, that they received by final month.