New changes are underway for professional basketball star Kevin Durant on and off the court.
Durant is experiencing shifts within his expanding business portfolio.
Durant is now an investor in the Champions League winner Paris Saint-Germain (PSG), having purchased a minority stake through Boardroom Sports Holdings, his investment arm established alongside his business partner, Rich Kleiman, according to Sports Illustrated.
He signed the deal with Qatar Sports Investments (QSI), PSG’s majority shareholder.
“QSI is pleased to welcome Kevin Durant as a direct shareholder in Paris Saint-Germain and strategic partner of our group,” QSI Chairman Nasser Al-Khelaifi said in a company press release. “We continually seek to elevate the club and our broader portfolio through high-impact partnerships that bring strategic value, innovation, and global perspective. Together with Kevin, we look forward to developing ambitious initiatives that will drive the continued global growth of Paris Saint-Germain and QSI.”
In the press release, Durant expressed excitement about the new deal, stating that Paris and the club hold a special place in his 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 said.
Durant will advise “on Paris Saint-Germain’s multi-sport strategy, including potential plans in basketball.”
New opportunities are expected to come from this partnership across various commercial ventures, investments, and content initiatives. Durant will also assist with Paris Saint-Germain’s growth in the U.S. and internationally, as mentioned on Boardroom’s website.
On the court, the Phoenix Suns reportedly traded the 15-time All-Star to the Houston Rockets on Sunday, according to the NBA.
The news broke while Durant was on stage at Fanatics Fest NYC, described as the world’s largest arena for sports and collectibles for enthusiasts, athletes, and collectors on its website.
“Anything can happen at Fanatics Fest, like me getting traded, but being a part of the Houston Rockets, I’m looking forward to it,” Durant said in an interview with Sports Commentator Kay Adams.
