NBA superstar Kevin Durant is not just making moves on the court—he's making them off the court too! 🏀✨ The two-time NBA champion and Finals MVP has just become a minority shareholder in French football giants Paris Saint-Germain (PSG)! 🇫🇷⚽
According to The Athletic, Durant's investment firm, Boardroom, splashed out a \"single-digit millions\" sum to grab a piece of the PSG pie. This exciting investment was made through a financial vehicle set up by Arctos Sports Partners, which itself holds a 12.5% stake in PSG after a massive deal in 2023 that valued the club at a whopping 4.25 billion euros (about $4.65 billion)! 💰💶
Fresh off winning gold with Team USA at the 2024 Summer Olympics in Paris on August 10th 🥇🇺🇸, Durant took some time to visit PSG's brand-new training center in Poissy. There, he met with the club's president, Nasser Al-Khelaifi. Talk about a power meetup! 💪
Al-Khelaifi couldn't hide his excitement: \"It was an honor to welcome Kevin Durant to the Campus today and to witness his passion for Paris Saint-Germain and his recognition of the excellent sports facilities at our new PSG Campus training center,\" he said. \"Kevin is an inspirational athlete, investor, and all-round role model, both on and off the pitch. We are extremely proud of his connection to the Paris Saint-Germain family as we share the same values and vision. We look forward to strengthening our ties and working together with Kevin and Boardroom to bring the best in sport and entertainment to fans around the world.\"
Before Durant's game-changing investment, PSG had already been scoring big in the crossover between basketball and football. They've been teaming up with Michael Jordan's iconic brand, Jordan, for over five years! 🕶️👟
With KD joining the PSG family, we're super excited to see what this dynamic duo will bring to the world of sports and entertainment! 🌟 Keep your eyes peeled for some epic collaborations!🔥
Reference(s):
NBA superstar Kevin Durant becomes minority shareholder of PSG
cgtn.com
