US NBA basketball superstar and Olympic gold medallist Kevin Durant has become a minority shareholder of French soccer giants Paris Saint-Germain.
It has been reported that Durant’s investment firm Boardroom has acquired a shareholding in the club through a separate financial vehicle created by US-based private equity firm Arctos Sports Partners.
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Arctos also acquired a 12.5% stake in the French club last year, which valued PSG at around €4.25 billion ($4.58 billion).
Durant recently visited PSG's training complex while competing in the Olympics in Paris.
Nasser Al-Khelaifi, president of Paris Saint-Germain, said: “Kevin is an inspirational athlete, investor, and all-round role model, both on and off the pitch. We look forward to strengthening our ties and working together with Kevin and Boardroom to bring the best in sport and entertainment to fans around the world.”
The PSG deal adds to the 35-year-old's soccer investment portfolio, which includes a stake in MLS franchise Philadelphia Union and the NWSL's NJ/NY Gotham FC.
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By GlobalDataDurant won a record fourth Olympic gold medal during the Paris games on August 10, also becoming the leading US scorer in Olympic competition.
The acquisition adds to the club’s existing basketball connection since PSG have been partnered with Michael Jordan’s clothing brand Jordan for six years.
