Kevin Durant He has always been a football fan, and now he has taken a step further. And it is that the NBA star has acquired a minority participation in the Paris Saint-Germain, a brand new Championship champion with Luis Enrique to the controls, as the Parisian club itself has reported through its official channels.
Qatar Sports Investments, the PSG majority shareholdersigned an investment agreement and strategic association with Durant, as explained in the statement of the French entity, in which however the economic terms of the agreement were not made public. «According to the terms of the association, Durant – through its media and investment company Boardroom, co -founded with its commercial partner Rich Kleiman— will acquire a direct minority participation in the club », The PSG statement said.
The Suns player of Phoenix, 36, has won two NBA titles and is one of the best scorers in the league. A Durant that can boast of being the first male gold medalist to win four golds in basketball when The United States won the tournament at the Paris Olympic Games last summer.
«It is an honor to associate with QSI and be a shareholder of Paris Saint-Germaina club and a city that are deeply close to my heart, ”Durant said in comments provided by the PSG. “This club has great plans and I hope to be part of the next phase of growth and explore new investment opportunities with QSI.” The announcement occurs in the middle of conversations between the NBA, FIBA and other entities on the process of adding a new league in Europe.
As part of the agreement, Boardroom Sports Holdings – the Durant personal investment vehicle, which has participations in several important sports teams and leagues – and QSI will join forces in a wide range of commercial initiatives, investment and production of content. The PSG added that Durant will support the diversification strategy and club growth, as well as the development of the club in the United States and other international markets. It will also provide experience in the club's multiport strategy, including future basketball plans. “Together with Kevin, we hope to develop ambitious initiatives that will boost the continuous global growth of the PSG and QSI,” said PSG president Nasser Al-Khelaifi.
Durant, a lo LeBron James
Durant emulates another great star as in 2011 invested 6.5 million dollars to acquire a 2 % of Liverpool FC, through Fenway Sports Group (FSG). In March 2021, he transformed that direct participation into a 1 % participation in FSGwhich gives exhibition not only to Liverpool, but also to entities such as the Boston Red Sox and the Pittsburgh Penguins. This investment has had an impressive yield: its 1 % in FSG is valued in approximately 100-130 million dollarsthanks to the growth of FSG's valuation to about 10-13 billion.
As if that were not enough, in August 2022, LeBron associated with the American firm Redbird Capital and with rapper Drake to participate in the acquisition of the AC Milanin a transaction valued in some 1 200 million euros. Although its participation is minority, it is part of an investment fund that also encompasses the Yankees Global Enterprises, confirming its interest in diversifying its investments in European football.
