On Friday, Kevin Durant, a notable player for the Phoenix Suns, acquired a little stock stake in Paris Saint-Germain. The team achieved victory in the Champions League.
The club announced that Durant and its primary sponsor, Qatar Sports Investments, have concluded an agreement to collaborate and invest in the team's future. The details of the financial transaction in the sale were kept confidential.
The partnership agreement specifies that Durant will obtain a direct minority stake in the club through his media and investment enterprise, Boardroom, which he co-founded with his long-time business partner, Rich Kleiman.
The 36-year-old NBA champion demonstrates exceptional shooting accuracy.
This marked the inaugural occurrence of an athlete collecting four gold medals at the Summer Olympics in Paris. The United States emerged victorious in the basketball game.
PSG announced that Durant remarked, "It is an honour to partner with QSI and hold an interest in Paris Saint-Germain, a club and city of great importance to me." "This club harbours substantial ambitions, and I am keen to engage in the upcoming growth phase and investigate new investment prospects with QSI."
The NBA, FIBA, and many organisations are considering the establishment of a new basketball league in Europe.
Durant's financial organisation, Boardroom Sports Holdings, possesses equity in several prominent sports leagues and organisations. QSI and Boardroom Sports Holdings will collaborate on various business, financial, and news initiatives.
The club expects Durant to assist PSG in improving its operations and expanding its national and international reach. He will also discuss the club's tri-port strategy and basketball objectives.
Nasser Al Khelaïfi, president of PSG, declared, "We are pleased to collaborate with Kevin to enhance the global stature of Paris Saint-Germain and QSI."
In 2020, Durant held a 5% equity interest in the Philadelphia Union.
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