Phoenix Suns basketball player Kevin Durant has taken a minority ownership stake in Paris Saint-Germain, the French football club that triumphed in the UEFA Champions League. The deal was announced by PSG on Friday, marking Durant’s entry into the world of professional soccer ownership.
Durant, known for his successful NBA career, has now expanded his business ventures into the sports entertainment sector. This move is seen as part of a broader strategy to diversify his investments beyond basketball. The NBA player’s venture into soccer could also signal a growing interest in European football markets.
Paris Saint-Germain, one of the most successful clubs in European football, has a history of high-profile signings and strong financial backing. Durant’s investment could provide the club with additional resources and global exposure, further solidifying its position in the soccer world. The club’s management has expressed confidence in the partnership, highlighting Durant’s reputation as a global sports icon.