{"id":85282,"date":"2025-06-24T10:51:00","date_gmt":"2025-06-24T10:51:00","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/nba-star-durant-buys-minority-stake-in-champions-league-winning-psg"},"modified":"2025-06-24T10:51:00","modified_gmt":"2025-06-24T10:51:00","slug":"nba-star-durant-buys-minority-stake-in-champions-league-winning-psg","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/nba-star-durant-buys-minority-stake-in-champions-league-winning-psg","title":{"rendered":"NBA star Durant buys minority stake in Champions League-winning PSG"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span><b>American basketball superstar Kevin Durant has bought a minority stake in Champions League winner Paris Saint-Germain (PSG), the French football club announced Friday.<\/b><\/p>\n<p>Qatar Sports Investments, PSG&#8217;s majority shareholder, signed an investment and strategic partnership agreement with the Phoenix Suns forward, the club said in a statement without disclosing financial terms.<\/p>\n<p>The announcement comes as the National Basketball Association (NBA), International Basketball Federation (FIBA) and other entities hold talks about the potential of adding a new league in Europe.<\/p>\n<p>Durant will provide expertise on the PSG&#8217;s multi-port strategy, including potential expansion into basketball, the club said.<\/p>\n<p>\u201cUnder the terms of the partnership, Durant \u2014 via his media and investment company Boardroom, co-founded with long-time business partner Rich Kleiman \u2014 will acquire a direct minority stake in the club,\u201d PSG\u2019s statement said.<\/p>\n<p><b>Big plans<\/b><\/p>\n<p>Durant is a two-time NBA champion and became the first four-time men\u2019s gold medalist in Olympic basketball history when the US took gold at last summer&#8217;s Paris Games.<\/p>\n<p>\u201cIt is an honor to partner with QSI and be a shareholder in Paris Saint-Germain \u2014 a club and city that is deeply close to my heart,&#8221; 36-year-old Durant said in comments provided by PSG. \u201cThis club has big plans and I look forward to being part of the next phase of growth and exploring new investment opportunities with QSI.\u201d<\/p>\n<p>As part of the deal, Boardroom Sports Holdings \u2014 Durant\u2019s personal investment vehicle, which holds stakes in a number of major sports teams and leagues \u2014 and QSI will join forces on a wide range of commercial, investment and content production initiatives.<\/p>\n<p>PSG added that Durant will support the club\u2019s diversification and growth strategy, as well as the club\u2019s development in the US and other international markets.<\/p>\n<p>\u201cTogether with Kevin, we look forward to developing ambitious initiatives that will drive the continued global growth of Paris Saint-Germain and QSI,\u201d PSG president Nasser Al-Khelai\u0308fi said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. American basketball superstar Kevin Durant has bought a minority stake in Champions League winner Paris Saint-Germain (PSG), the French football club announced Friday. Qatar Sports Investments, PSG&#8217;s majority shareholder, signed an investment and strategic partnership agreement with the Phoenix Suns forward, the club said in a statement without disclosing financial terms. The [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":85281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,17],"tags":[233,281,283],"class_list":["post-85282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-sport","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NBA star Durant buys minority stake in Champions League-winning PSG - Mozambique<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/nba-star-durant-buys-minority-stake-in-champions-league-winning-psg\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBA star Durant buys minority stake in Champions League-winning PSG\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Mozambique. American basketball superstar Kevin Durant has bought a minority stake in Champions League winner Paris Saint-Germain (PSG), the French football club announced Friday. Qatar Sports Investments, PSG&#8217;s majority shareholder, signed an investment and strategic partnership agreement with the Phoenix Suns forward, the club said in a statement without disclosing financial terms. 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