NBA superstar Kevin Durant has become a minority stakeholder in the renowned French soccer club, Paris Saint-Germain (PSG).
The investment, made through Durant’s investment firm, Boardroom, marks a significant entry into the world of European football for the two-time NBA champion.
Durant’s firm acquired a stake in the Arctos fund, which holds a substantial investment in PSG.
The exact figure remains undisclosed, but sources indicate it is in the “single digit millions” range.
The news was officially confirmed by Boardroom, and PSG further fueled speculation by releasing a video showcasing Durant’s tour of the club’s facilities.
During his visit to France for the Paris Olympics, Durant also had the opportunity to meet with PSG president, Nasser Al-Khelaifi.
Al-Khelaifi expressed his enthusiasm for the partnership, hailing Durant as an inspirational figure and a perfect fit for the PSG brand.
He emphasized shared values between the two entities and hinted at potential collaborations in the realms of sports and entertainment.
While the immediate focus is on Durant’s investment, the move raises questions about PSG’s potential expansion into basketball.
Given Durant’s unparalleled success in the NBA, his involvement could position him as a valuable advisor if the club decides to venture into the sport.
Durant’s investment in PSG is the latest example of a growing trend among American athletes acquiring stakes in European sports franchises.
