NBA superstar Kevin Durant has officially acquired a minority stake in the reigning Champions League winner, Paris Saint-Germain (PSG). The announcement, made by the French club on Friday, marks a significant move for both Durant and the Parisian football giants. Qatar Sports Investments (QSI), the majority shareholder of PSG, finalized an investment and strategic partnership agreement with Durant, though the specific financial details of the deal remain undisclosed.
Durant's investment will be channeled through his media and investment company, Boardroom, co-founded with his long-time business partner Rich Kleiman. This acquisition signifies a deepening relationship between Durant and PSG, as he had previously partnered with the club through Arctos Partners, a minority shareholder, in August 2024.
The partnership between QSI and Boardroom extends beyond mere investment. Both entities plan to collaborate on a wide array of commercial, investment, and content-related initiatives. Durant himself will play a role in supporting PSG's continued sports and business diversification and growth. This includes co-developing merchandise and original media content, advising on the club's strategy in the United States and other international markets, and supporting PSG for Communities, the club's charitable foundation. Furthermore, Durant's expertise will be utilized in consulting on PSG's multi-sport strategy, with potential plans in basketball also being explored.
Nasser Al-Khelaïfi, Chairman of Qatar Sports Investments, expressed his enthusiasm for the partnership, stating, "QSI is pleased to welcome Kevin Durant as a direct shareholder in Paris Saint-Germain and strategic partner of our Group. We continually seek to elevate the Club and our broader portfolio through high-impact partnerships that bring strategic value, innovation, and global perspective. Together with Kevin, we look forward to developing ambitious initiatives that will drive the continued global growth of Paris Saint-Germain and QSI.”
Durant echoed this sentiment, stating, “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 36-year-old Phoenix Suns forward, a two-time NBA champion and Olympic gold medalist, is not only one of basketball's most decorated players but also a savvy investor with a growing portfolio in sports and entertainment. His investment in PSG reflects a growing trend of athletes taking ownership stakes in sports franchises across different disciplines.
This move also comes at a time when discussions are underway between the NBA, FIBA, and other stakeholders regarding the potential establishment of a new basketball league in Europe, adding another layer of intrigue to Durant's involvement with a major European sports club. His insight and experience could prove invaluable as PSG explores potential expansion into the world of basketball.
