Durant is new PSG minority owner after buying stake in French club
Kevin Durant is the new Paris Saint Germain (PSG) minority owner after the NBA superstar bought a stake in the French club on Monday.
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DURANT IS NEW PSG MINORITY OWNER AFTER ANNOUNCING LATEST INVESTMENT
Furthermore, Durant is now a new PSG minority owner after he announced his latest investment.
The Phoenix Suns forward bought a 12.5% stake invested with his business partner Rich Kleiman in the French club that went through Arctos Partners.
Moreover, the transaction with PSG capped his Paris visit during the Olympics.
He won not just an Olympic gold medal with Team USA after the men’s basketball final but with a new title as a minority European football investor.
The 35-year-old made the investment official by announcing it through Boardroom, his media and entertainment business, on Monday.
It was through Arctos Partners which purchased the 12.5% stake in PSG through Durant and Kleiman in December.
Incidentally, Durant has been friends with PSG president Nasser Al Khelaifi.
The basketball star has visited the Parc des Princes stadium and the Paris training ground before his decision to invest in the French club.
PSG ADDED TO TWO OTHER CLUBS KD INVESTS AS MINORITY OWNER
Moreover, add PSG to the two other clubs the man also known as “KD” had invested several years ago.
The 6-foot-10 forward first became an investor with Major League Soccer club Philadelphia Union in 2020.
As a football fan, he also joined the minority ownership of NWSL club NJ/NY Gotham FC in 2022.
Additionally, Durant also holds a stake in Major League Pickleball side Brooklyn Aces.
With PSG, the forward who carries the moniker “Slim Reaper” star invested with the seventh most valuable soccer club in the world, according to Sportico.
The French club is currently valued at USD4.05 billion.
PSG EXPECTS TO BOOST STOCK IN US WITH DURANT ROLE IN INVESTMENT GROUP
Furthermore, PSG expects to boost its stock in the US with Durant’s new role in its investment group.
With KD’s popularity in the US, PSG’s marketing and sponsorship are expected to soar.
The French club’s exposure through Durant is seen to get leverage.
The US hosts the 2025 World Cup and the 2026 World Cup.
Moreover, the Suns’ superstar has been excited to be involved with PSG, a source told ESPN.
Durant recently visited Campus PSG to chat with the players, staff, and coach Luis Enrique.
Before Team USA’s final match against host France on Saturday, Durant was seen in a video posted by PSG on his campus visit.
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