Kevin Durant is now reportedly a minority shareholder in French football Paris Saint-Germain, according to Peter Rutzler of The Athletic and football journalist Fabrizio Romano.
Kevin Durant will become a minority shareholder in PSG, according to multiple reports ?⚽ pic. twitter. com/0d5BmQL14Y
Rutzler reported that “according to sources with knowledge of the deal – they granted anonymity to the relationships – Durant’s investment company, Boardroom, bought a ‘single-digit million’ stake in the Arctos fund that invested in PSG.
Boardroom, the media and entertainment logo co-founded by Durant, showed its investment in PSG this Monday:
BREAKDOWN: Two-time NBA champion Kevin Durant has invested in Paris Saint-Germain through his company Boardroom Sports Holdings, LLC through Arctos Partners, the club’s strategic minority investor. More main points to be announced prochainement. pic. twitter. com /pcXSJugqf6
The club, for its part, shared a video of Durant visiting PSG’s facilities two days ago:
?Kevin Durant at the PSG ?? Campus Before tonight’s final, relive Kevin Durant’s arrival at the PSG ?? Campus pic. twitter. com/88VxIRkbfu
According to Rutzler, the American personal equity company had in the past bought a 12. 5% stake in PSG. Durant reportedly met with club president Nasser Al-Khelaifi last week to stay in France for the Paris Olympics.
“It is an honor to welcome Kevin Durant to the Campus today and to witness his fandom for Paris Saint-Germain and his popularity for adequate sports facilities at our new PSG Campus educational facilities,” Al-Khelaifi said after the Durant scale on Campus. . club.
“Kevin is an inspiring athlete, investor and role player in every way, on and off the field,” he continued. “We are incredibly proud of their connection to the Paris Saint-Germain family as we share the same values and vision. We look to the future to strengthen our appointments and run with Kevin and Boardroom to bring the best in sports and entertainment to the enthusiasts from all over the world.
It’s unclear whether PSG, which also has women’s football, handball, judo and esports groups, also needs to enter basketball. Many European clubs famous for football, such as Real Madrid and Barcelona in Spain, also have successful basketball groups.
If the club goes this route, Durant would be a logical advisor, given his successful NBA career that includes two championships, an MVP award, 14 All-Star nominations and 4 scoring titles.