Kevin Durant, two-time NBA champion, is becoming a shareholder at Paris Saint-Germain. The NBA star will work with the Champions League winners beyond his investment.
An investment by Kevin Durant in French serial champions Paris St. Germain had already been hinted at last summer. Now PSG has officially announced on Friday that the 15-time All-Star and two-time NBA champion has acquired a minority stake in PSG.
The investment, which according to media reports is worth “several million” US dollars, will be made through the Phoenix Suns forward’s media and investment company, Boardroom, and will see the 36-year-old join PSG as a strategic partner.
Team owner Qatar Sports Investment (QSI) wants to work with Durant and Boardroom “on a range of commercial and content initiatives.” In addition to exchanges in the areas of merchandising and content production, this will also involve the potential expansion of the club into basketball. Durant will support this with his expertise and charisma.
Durant announces “big plans” with PSG
The NBA is currently working with the world governing body FIBA on plans for its own league in Europe, which will feature 16 teams. These will include two German teams, as George Aivazoglou, who heads NBA operations in Europe and the Middle East, explained in an interview with basketball-world.news – and possibly soon with PSG as well.
The reigning Champions League soccer champions are looking forward to “developing ambitious initiatives with Kevin that will drive the continued global growth of Paris St. Germain and QSI,” said QSI boss Nasser Al-Khelaifi. Durant himself – one of the ten best scorers in NBA history with 30,571 points in the regular season – described PSG and Paris as “a club and a city that are very close to my heart. This club has big plans, and I can’t wait to be part of the next phase of growth.”
