NBA star Kevin Durant has develop into a brand new minority shareholder of three-time defending Ligue 1 champions Paris Saint-Germain, the French membership introduced on Wednesday.
The latest Olympic gold medalist with Crew USA on the 2024 Olympics has invested just a few thousands and thousands {dollars} of his personal cash to affix the membership, a supply advised ESPN.
He did so by way of Arctos Sports activities Companions, the American funding fund which purchased a 12.5% stake within the membership in 2023, with PSG valued at $4.6 billion (€4.25bn). The purpose of Durant’s arrival on the membership is to additional develop the PSG model within the U.S. from a advertising and sponsorship perspective, particularly with the 2025 Membership World Cup and the 2026 World Cup set to be hosted in America over the following two summers.
Durant, 35, who performs for the Phoenix Suns, is a giant soccer fan and half proprietor of MLS aspect Philadelphia Union. He is an effective pal of PSG president Nasser Al Khelaifi and has visited the Paris coaching floor and Parc des Princes stadium a number of instances previous to his funding.
As not too long ago as Aug. 6, he glided by the Campus PSG to say hi there to a number of the gamers, employees and head coach Luis Enrique.
Durant could be very excited to be concerned with the membership, a supply advised ESPN, and could be very severe about his funding within the membership.