Media Talk Africa: Latest Headlines in Politics, Business, Sports, and More

Kevin Durant Scores Big with Minority Stake in Paris Saint-Germain

In a move that’s sending shockwaves through the sports world, American basketball superstar Kevin Durant has acquired a minority stake in French football club Paris Saint-Germain (PSG). The announcement, made by the club on Friday, marks a significant partnership between Durant and Qatar Sports Investments, PSG’s majority shareholder. As part of the deal, Durant’s media and investment company, Boardroom, will work closely with QSI on various commercial, investment, and content production initiatives.

This strategic partnership comes at an exciting time, with the National Basketball Association (NBA) and International Basketball Federation (FIBA) exploring the possibility of launching a new league in Europe. Durant, a two-time NBA champion and four-time Olympic gold medalist, will bring his expertise to PSG’s multi-port strategy, including potential expansion into basketball. "It is an honor to partner with QSI and be a shareholder in Paris Saint-Germain — a club and city that is deeply close to my heart," Durant said, expressing his enthusiasm for the venture.

As a shareholder, Durant will support PSG’s diversification and growth strategy, both in the US and international markets. The club’s president, Nasser Al-Khelaïfi, welcomed Durant on board, stating, "Together with Kevin, we look forward to developing ambitious initiatives that will drive the continued global growth of Paris Saint-Germain and QSI." This collaboration is set to propel PSG to new heights, with Durant’s influence expected to attract new fans and investors to the club.

The partnership between Durant and PSG is a testament to the growing intersection of sports and business. As a global sports icon, Durant’s involvement is likely to boost PSG’s profile and open up new opportunities for the club. With his proven track record in basketball, Durant is well-positioned to contribute to PSG’s success and help the club achieve its ambitious goals. As the sports world continues to evolve, this exciting development is sure to have a lasting impact on the football and basketball landscapes.