Kevin Durant invests in Paris Saint-Germain, will consult on potential expansion into basketball, per report

Dual NBA Champion Kevin Durant has become an investor in UEFA Champions League team Paris Saint-Germain and will serve as a consultant about the club’s potential plans to extend to basketball, According to athletics. The investment of Durant in Paris Saint-Germain comes through the expansion of the existing partnership of Durant with Qatar Sports Investments (QSI), which has shown interest in launching a basketball team in Paris, coinciding with the exploration of the NBA through expansion to Europe.

Durant reportedly made an earlier investment in Paris Saint-Germain, a one-digit million shareholding, through his boardroom of investment firm. Private Equity company Arctos, however, then bought a 12.5% ​​interest in the team in December 2023, which Durant has now left to take a direct minority interest that is about the same size as his previous investment. Since the output of Durant from the Ring that was obtained via Arctos is absorbed through other means of the fund, Arctos is not diluted and the importance of 12.5 percent remains.

As part of the cooperation between Boardroom and QSI (including commercial, investments and initiatives for media content), Durant will also consult PSG on their multi-port strategy, “including potential plans in basketball.” Paris Saint-Germain currently has men’s and women’s football, youth football, handball and judo in his sports portfolio.

“It is an honor to work with QSI and to be a shareholder in Paris Saint-Germain-a Club and a city that is so close to my heart,” Durant said. “This club has big plans and I can’t wait to be part of the next phase of growth and to explore new investment options with QSI.”

Athletics reported In March, that NBA Commissioner Adam Silver is planning to pitch the outline of a plan to extend the NBA to Europe to the League board of directors. A potential competition would include teams in cities such as London and Paris. A European NBA competition can come through a collaboration with the Euroleague, which in particular already includes a basketball team from Paris.