NBA superstar Kevin Durant has acquired a minority share in Ligue 1 club Paris Saint-Germain via his investment company Boardroom Sports.
The figure invested by Durant is believed to be in the ‘single digit millions’ and was facilitated through PSG minority shareholder Arctos Sports Partners which created a separate financial entity to greenlight the transaction.
Fresh off winning a fourth basketball Olympic gold medal for Team USA this past weekend, Durant took a tour of PSG facilities during his time in the French capital whilst competing at the 2024 Olympic Games.
The two-time NBA Champion spoke of his liking for Paris as a sporting city and was impressed during the tour of the PSG campus, which he described as the “best practice facility in the world”.
PSG Chairman Nasser Al-Khelaifi spoke on Durant’s involvement in the club and the campus tour, stating: “It was an honour to welcome Kevin Durant to the campus today and to witness his passion for Paris Saint-Germain and his recognition of the excellent sports facilities at our new PSG Campus training centre.”
“Kevin is an inspirational athlete, investor and all-round role model, both on and off the pitch. We are extremely proud of his connection to the Paris Saint-Germain family as we share the same values and vision.
“We look forward to strengthening our ties and working together with Kevin and Boardroom to bring the best in sport and entertainment to fans around the world.”
A major boost in his growing business portfolio, PSG is not the first football club Durant has become an investor in. The Phoenix Suns forward also owns a 5% stake in MLS side Philadelphia Union, but PSG does mark his first foray into European football.
Furthermore, Durant is also a minority owner in the New York-based NWSL team Gotham FC, as well as a co-owner of the Major League Pickleball team, the Brooklyn Aces.
The proposition of becoming a minority shareholder in PSG may become Durant’s most lucrative business venture as the French football outfit is one of the most valuable clubs in all of football. PSG’s valuation grew last December to roughly €4.25bn after Arctos’ 12.5% acquisition in a partnership that aims to drive the “next phase of PSG’s global growth” as a football team and brand.
