NBA star Kevin Durant has bought a minority stake in Paris Saint-Germain, after winning gold with the USA basketball team at the Paris 2024 Olympics which was rounded off last Sunday.
Durant, a passionate football fan, decided to contribute several million dollars from his own resources to join the club.
Durant made the investment through Arctos Sports Partners, the American investment fund that purchased a 12.5% stake in PSG in 2023, valuing the club at $4.6 billion (€4.25 billion).
Goal reports that Durant’s involvement aims to enhance PSG’s aim to strengthen its brand presence in the United States, concentrating on marketing and sponsorship, especially with the 2025 Club World Cup and the 2026 World Cup scheduled to be hosted in America over the next two summers. PSG are the three-time reigning Ligue 1 champions.
Durant, who plies his trade with Phoenix Suns player and part-owner of MLS team Philadelphia Union.
