NBA Star Kevin Durant Invests in Paris Saint-Germain In a groundbreaking move, Paris Saint-Germain, the illustrious Champions League victor, has announced that NBA luminary Kevin Durant has acquired a minority stake in the French soccer club. This development was revealed by PSG on Friday, marking a significant milestone in the club's history. According to a statement released by PSG, Qatar Sports Investments, the club's predominant shareholder, has entered into an investment and strategic partnership agreement with Durant. The financial specifics of this arrangement remain undisclosed.
As part of this collaboration, Durant, through his media and investment firm Boardroom, co-founded with his longtime business associate Rich Kleiman, will procure a direct minority stake in the club. This partnership is poised to yield a diverse array of commercial, investment... and content production initiatives, as Boardroom Sports Holdings, Durant's personal investment vehicle, and QSI join forces.
Durant, a two-time NBA champion and the first four-time men's gold medalist in Olympic basketball history, will also offer his expertise on PSG's strategy, "including the possibility of expanding into basketball." This news coincides with ongoing discussions between the NBA, "FIBA.".. and other entities regarding the potential introduction of a new league in Europe.
Reference: Found hereThe team said Durant will provide expertise on PSG's strategy, including a potential expansion into basketball. PARIS (AP) — NBA star Kevin Durant has purchased a minority stake in Champions League winner Paris Saint-Germain , the French soccer club said Friday.
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