NBA powerhouse Kevin Durant buys minority stake in 2025 Champions League-winning club Paris Saint-Germain
NBA powerhouse Kevin Durant, who plays for the Phoenix Suns, has bought a minority stake in the 2025 Champions League-winning club Paris Saint-Germain (PSG). The Ligue 1 club confirmed the development through a social media post. Qatar Sports Investment, which is the majority shareholder of PSG, have signed an investment and strategic partnership agreement with Kevin Durant. Kevin Durant has bought a minority stake in Ligue 1 club Paris Saint-Germain. (AP)
However, the financial terms of the deal have not been put in the public domain.
'Kevin Durant, NBA superstar and global entrepreneur through Boardroom Sports Holdings, is investing in Paris Saint-Germain in partnership with Qatar Sports Investments. This strategic collaboration spans commercial ventures, investment opportunities, and content production initiatives,' Paris Saint-Germain said in a social media post.
Kevin Durant happens to be a two-time NBA champion and one of the league's most talked-about shot makers. Durant is also the first four-time men's gold medallist in Olympic basketball history. He achieved the feat when the US took gold at last year's Paris Olympics.
Speaking about buying a stake in PSG, Kevin Durant said in an official statement, 'It is an honour to partner with QSI and be a shareholder in Paris Saint-Germain—a club and city that is deeply close to my heart.'
'This club has big plans and I look forward to being part of the next phase of growth and exploring new investment opportunities with QSI,' he added.
This is not the first time that Kevin Durant has made a sporting investment. In 2020, he acquired a five per cent stake in the Major League Soccer club Philadelphia Union.
"Together with Kevin, we look forward to developing ambitious initiatives that will drive the continued global growth of Paris Saint-Germain and QSI," PSG president Nasser Al Khelaïfi said in an official release.
According to ESPN, as a part of this deal, Durant's personal investment vehicle - Boardroom Sports Holdings and QSI will collaborate on a wide range of commercial, investment and content production initiatives.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
41 minutes ago
- Time of India
Ishan Kishan to make county debut with Nottinghamshire, replaces SA keeper Verreynne on two-match deal
1 2 3 India wicketkeeper-batter Ishan Kishan has joined Nottinghamshire County Cricket Club on a two-match County Championship deal, the English side announced on its X (formerly twitter) handle on Friday evening. Kishan, who has played all three formats for India, will be available for selection for the first-class fixtures against Yorkshire at home ground Trent Bridge starting Sunday while the next game will be away at Taunton against Somerset. The Patna-born Jharkhand cricketer will serve as a short-term replacement for World Test Championship-winning South Africa wicketkeeper-batter Kyle Verreynne. The Protea will be away on national duty to play a two-Test series in Zimbabwe. Kishan turned out for Sunrisers Hyderabad in the recently concluded Indian Premier League (IPL) where he scored a 45-ball century against Rajasthan Royals and remained unbeaten on 106 from 47 balls. "I'm feeling very excited to get my first taste of playing county cricket in England, and it will be a great chance to showcase my skills," Ishan was quoted as saying by the club website. "I want to make sure I am the best cricketer I can be, and playing in English conditions will really help me to learn new skills. Trent Bridge is such a famous ground that is well-known in India and around the world, and I am really excited that I will be playing there," the southpaw added. Meanwhile, speaking on Kishan's inclusion to the squad, Nottinghamshire head coach Peter Moores said, "We're all very pleased to have secured the services of Ishan for these next two Championship fixtures while Kyle is away with South Africa." A wicketkeeper-batter himself during his playing days, the former Three Lions player and coach added, "We want players to be themselves and to bring their own game, and something that especially excites me about Ishan is how keen he is to be involved in county cricket. He brings proven quality in his ball-striking, as a hard-hitting middle-order batter, but while he's still developing his red-ball game, this spell will be really beneficial for him, and for us. " India wicketkeeper-batter Ishan Kishan has joined Nottinghamshire County Cricket Club on a two-match County Championship deal, the English side announced on its X (formerly twitter) handle on Friday evening. Kishan, who has played all three formats for India, will be available for selection for the first-class fixtures against Yorkshire at home ground Trent Bridge starting Sunday while the next game will be away at Taunton against Somerset. The Patna-born Jharkhand cricketer will serve as a short-term replacement for World Test Championship-winning South Africa wicketkeeper-batter Kyle Verreynne. The Protea will be away on national duty to play a two-Test series in Zimbabwe. Kishan turned out for Sunrisers Hyderabad in the recently concluded Indian Premier League (IPL) where he scored a 45-ball century against Rajasthan Royals and remained unbeaten on 106 from 47 balls. "I'm feeling very excited to get my first taste of playing county cricket in England, and it will be a great chance to showcase my skills," Ishan was quoted as saying by the club website. "I want to make sure I am the best cricketer I can be, and playing in English conditions will really help me to learn new skills. Trent Bridge is such a famous ground that is well-known in India and around the world, and I am really excited that I will be playing there," the southpaw added. Meanwhile, speaking on Kishan's inclusion to the squad, Nottinghamshire head coach Peter Moores said, "We're all very pleased to have secured the services of Ishan for these next two Championship fixtures while Kyle is away with South Africa." A wicketkeeper-batter himself during his playing days, the former Three Lions player and coach added, "We want players to be themselves and to bring their own game, and something that especially excites me about Ishan is how keen he is to be involved in county cricket. He brings proven quality in his ball-striking, as a hard-hitting middle-order batter, but while he's still developing his red-ball game, this spell will be really beneficial for him, and for us. "
Time of India
an hour ago
- Time of India
Ishan Kishan to make county debut with Nottinghamshire, inks two-match deal
India wicketkeeper-batter Ishan Kishan has joined Nottinghamshire County Cricket Club on a two-match County Championship deal, the English side announced on its X (formerly twitter) handle on Friday evening. Kishan, who has played all three formats for India, will be available for selection for the first-class fixtures against Yorkshire at home ground Trent Bridge starting Sunday while the next game will be away at Taunton against Somerset. The Patna-born Jharkhand cricketer will serve as a short-term replacement for World Test Championship-winning South Africa wicketkeeper-batter Kyle Verreynne. The Protea will be away on national duty to play a two-Test series in Zimbabwe. Kishan turned out for Sunrisers Hyderabad in the recently concluded Indian Premier League (IPL) where he scored a 45-ball century against Rajasthan Royals and remained unbeaten on 106 from 47 balls. "I'm feeling very excited to get my first taste of playing county cricket in England, and it will be a great chance to showcase my skills," Ishan was quoted as saying by the club website. "I want to make sure I am the best cricketer I can be, and playing in English conditions will really help me to learn new skills. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Forget Furosemide, Use This Household Item To Help Drain Edema Fluid WellnessGuide Learn more Undo Trent Bridge is such a famous ground that is well-known in India and around the world, and I am really excited that I will be playing there," the southpaw added. Meanwhile, speaking on Kishan's inclusion to the squad, Nottinghamshire head coach Peter Moores said, "We're all very pleased to have secured the services of Ishan for these next two Championship fixtures while Kyle is away with South Africa." A wicketkeeper-batter himself during his playing days, the former Three Lions player and coach added, "We want players to be themselves and to bring their own game, and something that especially excites me about Ishan is how keen he is to be involved in county cricket. He brings proven quality in his ball-striking, as a hard-hitting middle-order batter, but while he's still developing his red-ball game, this spell will be really beneficial for him, and for us. "
Time of India
2 hours ago
- Time of India
India's next track and field stars? Currently in class...in the USA
India's next track and field stars? Currently in the USA M Sudharshan TNN Updated: Jun 21, 2025, 19:53 IST IST The American college sports system has groomed hundreds of Olympic stars. Now, 17 Indian athletes are chasing that same dream on the NCAA circuit Growing up in Chennai, Krishna Jayasankar often faced body shaming for her heavy build. But years later, and thousands of miles away in Nevada, the discus thrower finds herself at the doorstep of stardom — she just became the first Indian female thrower to qualify for the National Collegiate Athletic Association (NCAA) Outdoor Championships final. She didn't win a medal, but competing with some of the best talents of the US college circuit was a step towards her ambition of making the Olympics cut in three years. 'Throughout my journey, I have faced constant negative comments about my size which affected me mentally. Here, people don't judge me for my frame. This has helped me be the best that I can be,' Krishna, a student at the University of Nevada, tells TOI from the US.
