FILE – Phoenix Suns ahead Kevin Durant gestures during the 2nd half of an NBA basketball game on March 9, 2025, in Dallas.
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France
American basketball superstar Kevin Durant has provided a minority stake in Champions League winner Paris Saint-Germain (PSG), the French soccer club announced Friday.
Qatar Sports Investments, PSG’s majority shareholder, signed an investment and strategic partnership agreement with the Phoenix Suns ahead, the club acknowledged in a notify without disclosing financial phrases.
The announcement comes as the National Basketball Association (NBA), International Basketball Federation (FIBA) and diverse entities wait on talks in regards to the functionality of adding a brand novel league in Europe.
Durant will present expertise on the PSG’s multi-port technique, including seemingly expansion into basketball, the club acknowledged.
“Below the phrases of the partnership, Durant — by technique of his media and investment company Boardroom, co-founded with long-time business partner Rich Kleiman — will obtain an instantaneous minority stake in the club,” PSG’s notify acknowledged.
Gargantuan plans
Durant is a two-time NBA champion and became the principle four-time men’s gold medalist in Olympic basketball history when the US took gold in the waste summer season’s Paris Games.
“It is a long way an honor to partner with QSI and be a shareholder in Paris Saint-Germain — a club and city that’s deeply shut to my coronary heart,” 36-year-mature Durant acknowledged in feedback provided by PSG. “This club has sizable plans and I luxuriate in up for being half of the following section of growth and exploring novel investment opportunities with QSI.”
As half of the deal, Boardroom Sports Holdings — Durant’s deepest investment vehicle, which holds stakes in a series of predominant sports groups and leagues — and QSI will join forces on a giant vary of business, investment and mumble manufacturing initiatives.
PSG added that Durant will toughen the club’s diversification and growth technique, moreover as the club’s pattern in the US and diverse international markets.
“In conjunction with Kevin, we luxuriate in up for developing fearless initiatives that can drive the continued world growth of Paris Saint-Germain and QSI,” PSG president Nasser Al-Khelaïfi acknowledged.
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