NBA’s Kevin Durant buys minority stake in PSG as QSI partner

Jun 20, 2025, 11:36 AM ETPhoenix Suns ahead Kevin Durant has bought a minority stake in Champions League winner Paris Saint-Germain, the Ligue 1 membership stated Friday.Qatar Sports activities Investments, PSG’s majority shareholder, signed an funding and strategic partnership settlement with Durant, the membership stated in an announcement. Monetary phrases of the deal weren’t disclosed.”Beneath the phrases of the partnership, Durant — by way of his media and funding firm Boardroom, co-founded with longtime enterprise associate Wealthy Kleiman — will purchase a direct minority stake within the membership,” PSG’s assertion stated.Editor’s Picks2 RelatedThe 36-year-old is a two-time NBA champion and one of many league’s elite shot makers.Durant grew to become the primary four-time males’s gold medalist in Olympic basketball historical past when the U.S. took gold eventually summer season’s Paris Olympics.”It’s an honor to associate with QSI and be a shareholder in Paris Saint-Germain — a membership and metropolis that’s deeply near my coronary heart,” Durant stated in feedback supplied by PSG. “This membership has large plans and I stay up for being a part of the following part of progress and exploring new funding alternatives with QSI.”The announcement comes amid talks among the many NBA, FIBA and different entities in regards to the means of including a brand new league in Europe.As a part of the deal, Boardroom Sports activities Holdings — Durant’s private funding car, which holds stakes in a variety of main sports activities groups and leagues — and QSI will be a part of forces on a variety of economic, funding and content material manufacturing initiatives.PSG added that Durant will help the membership’s diversification and progress technique, in addition to the membership’s growth within the U.S. and different worldwide markets. He may also present experience on the membership’s multi-port technique, together with future plans in basketball.”Along with Kevin, we stay up for growing bold initiatives that can drive the continued world progress of Paris Saint-Germain and QSI,” PSG president Nasser Al Khelaïfi stated.In 2020, Durant acquired a 5% stake within the MLS membership Philadelphia Union.