Kevin Durant, a two-time NBA champion, has recently become an investor in the UEFA Champions League team Paris Saint-Germain. According to a report from The Athletic, Durant will also serve as a consultant on the club’s potential plans to expand into basketball. This investment in Paris Saint-Germain is part of Durant’s expanded partnership with Qatar Sports Investments (QSI), which is interested in launching a basketball team in Paris, aligning with the NBA’s exploration of expansion to Europe.
Previously, Durant had invested in Paris Saint-Germain through his investment firm Boardroom. However, in December 2023, private equity firm Arctos acquired a 12.5% stake in the team, prompting Durant to exit and take a direct minority stake of similar size to his previous investment. Despite Durant’s exit, Arctos’ stake remains at 12.5% as the fund finds other means to cover Durant’s share.
As part of the partnership between Boardroom and QSI, Durant will also provide consultation to PSG on their multi-sport strategy, including potential plans for basketball. Currently, Paris Saint-Germain has teams in men’s and women’s soccer, youth soccer, handball, and judo in its sports portfolio.
In a statement, Durant expressed his excitement about the partnership, saying, “It is an honor to partner with QSI and be a shareholder in Paris Saint-Germain—a club and a city that is so close to my heart. This club has big plans ahead, and I can’t wait to be a part of the next phase of growth and to explore new investment opportunities with QSI.”
The NBA commissioner, Adam Silver, has been reported by The Athletic in March to be planning a proposal to expand the NBA into Europe, including cities like London and Paris. This potential European NBA league could collaborate with the EuroLeague, which already features a Paris basketball team.
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