Kevin Durant, the two-time National Basketball Association (NBA) champion, has acquired a minority share in the French football club, Paris Saint-Germain, through his investment company, Boardroom Sports.
Durant’s investment is estimated to be in the single-digit millions and was made possible by PSG minority partner Arctos Sports Partners, which established a separate financial company to approve the transaction.
Durant visited PSG’s facilities in the French city while competing at the 2024 Olympic Games, having just returned from his fourth Olympic gold medal for Team USA in basketball this past weekend.
🏀 Kevin Durant at the PSG Campus 🤝
— Paris Saint-Germain (@PSG_English) August 10, 2024
📺 Before tonight's final, take a look back at Kevin Durant's visit to the PSG Campus 🔴🔵 pic.twitter.com/qZjHEXfPBW
The two-time NBA champion expressed his appreciation for Paris as a sports destination and expressed his admiration for the PSG campus, describing it as the globe’s best practice centre.
PSG Chairman Nasser Al-Khelaifi, said, “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.”
Although Durant has also invested in other football teams, PSG represent a significant boost to his expanding commercial portfolio. The Phoenix Suns forward is also a 5% owner of Philadelphia Union, a Major League Soccer (MLS) team.
Durant also owns a minority stake in the New York-based National Women’s Soccer League (NWSL) team Gotham FC and co-owns Brooklyn Aces of Major League Pickleball.
Durant’s proposal to become a minority shareholder in PSG, one of the most valuable football clubs in the world, could prove to be his most profitable business venture. PSG’s worth increased to almost €4.25 billion in December following Arctos’ 12.5% acquisition in a partnership aimed at driving the next phase of the football team’s global growth as a brand.