NBA Star Durant Becomes Minority Owner At PSG …C0NTINUE READING HERE >>>
Paris Olympic gold medal winner Kevin Durant of the USA has become a minority investor at Ligue 1 giants Paris Saint-Germain.
The two-time NBA champion and 14-time All-Star announced the investment through Boardroom, his media and entertainment business, on Monday.
The investment from Durant and his business partner Rich Kleiman went through Arctos Partners, which purchased a 12.5% stake in the club in December, and is reportedly in the “single-digit millions.”
On Saturday, hours before Durant and USA basketball took on France in the gold-medal match, PSG posted a video of Durant taking a look at the PSG campus — perhaps giving a hint at his future investment.
Durant is already a minority owner in two soccer teams: He became an investor in the MLS club Philadelphia Union in 2020, and joined the minority ownership of NWSL club NJ/NY Gotham FC in 2022.
Also, he holds a stake in the Major League Pickleball club Brooklyn Aces.
PSG is one of the most dominant clubs in Europe, having won the past six titles in Ligue 1.
According to per Sportico it is the seventh most valuable football club in the world,, valued at $4.05 billion with the majority stake in the club owned by Qatar Sports Investments, which purchased the club in 2011.
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