NBA Icon Kevin Durant Acquires Stake in Paris Saint-Germain to Boost Global Expansion
NBA superstar Kevin Durant has taken a significant step into global sports investment by acquiring a minority stake in Paris Saint-Germain (PSG). The move is part of a broader partnership with Qatar Sports Investments (QSI), PSG’s majority owner. While financial specifics remain undisclosed, Durant made the purchase through his media and investment firm, Boardroom, signaling a deeper interest in the European sports landscape and international markets.
Durant's involvement with PSG is not merely symbolic; it reflects a strategic collaboration aimed at broadening the club's commercial and content production activities. Boardroom Sports Holdings and QSI plan to work together across various ventures, leveraging Durant's experience and platform to grow PSG's presence, particularly in the U.S. His role will also support the club’s efforts to diversify and extend its influence beyond football, potentially including initiatives in basketball and other global sports projects.
This development follows Durant’s previous sports investments, including a stake in Major League Soccer’s Philadelphia Union. With PSG and QSI eyeing long-term expansion, Durant's participation strengthens the club’s ambition to become a leading global sports brand. His ties to both professional basketball and international athletics position him as a key figure in PSG’s next phase of strategic growth and global outreach.
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