Durant buys minority stake in soccer club PSG

Phoenix Suns guardant Kevin Durant has purchased a number involvement successful Champions League victor Paris Saint-Germain, the Ligue 1 nine said Friday.

Qatar Sports Investments, PSG's bulk shareholder, signed an concern and strategical concern statement with Durant, the nine said successful a statement. Financial presumption of the woody were not disclosed.

"Under the presumption of the partnership, Durant -- via his media and concern institution Boardroom, co-founded with long-time concern spouse Rich Kleiman -- volition get a nonstop number involvement successful the club," PSG's connection said.

The 36-year-old is simply a two-time NBA champion and 1 of the league's elite changeable makers.

Durant became the archetypal four-time men's golden medalist successful Olympic hoops past erstwhile the U.S. took golden astatine past summer's Paris Olympics.

"It is an grant to spouse with QSI and beryllium a shareholder successful Paris Saint-Germain -- a nine and metropolis that is profoundly adjacent to my heart," Durant said successful comments provided by PSG. "This nine has large plans and I look guardant to being portion of the adjacent signifier of maturation and exploring caller concern opportunities with QSI."

The announcement comes amid talks betwixt the NBA, FIBA and different entities astir the process of adding a caller league successful Europe.

As portion of the deal, Boardroom Sports Holdings -- Durant's idiosyncratic concern vehicle, which holds stakes successful a fig of large sports teams and leagues - and QSI volition articulation forces connected a wide scope of commercial, concern and contented accumulation initiatives.

PSG added that Durant volition enactment the club's diversification and maturation strategy, arsenic good arsenic the improvement of the club's improvement successful the U.S. and different planetary markets. He volition besides supply expertise connected the club's multi-port strategy, including aboriginal plans successful basketball.

"Together with Kevin, we look guardant to processing ambitious initiatives that volition thrust the continued planetary maturation of Paris Saint-Germain and QSI," PSG president Nasser Al Khelaïfi said.

In 2020, Durant acquired a 5% involvement successful the MLS nine Philadelphia Union.