Basketball star Kevin Durant has taken a new step in his business career by acquiring a minority stake in Paris Saint-Germain (PSG), the French club announced on Friday.

The transaction is being conducted through Boardroom Sports Holdings, the media and investment company Durant co-founded with longtime partner Rich Kleiman.

Recent Champions League winners PSG said Durant will not only be an investor but also a key strategic partner in the club’s international expansion, with a special focus on the United States and the development of new sports such as basketball.

“It is an honor to partner with Qatar Sports Investments and to become a shareholder in Paris Saint-Germain, a club and city that are very close to my heart,” Durant, currently a player with the Phoenix Suns, said in statements released by the club.

“This club has big plans, and I’m excited to be part of its next phase of growth.”

PSG to expand beyond football

While financial terms of the deal were not disclosed, it’s a significant move that reinforces PSG’s plans to establish itself as a global, multi-sport brand.

Under this partnership, Boardroom and QSI will collaborate on commercial, investment, and content production initiatives, in addition to exploring new opportunities in sports and media.

Durant, a two-time NBA champion and the only player with four Olympic gold medals in men's basketball, will bring his experience in the professional sports industry to PSG's multi-sport model, which has already shown interest in expanding into European basketball.

This announcement also comes as the NBA, FIBA, and others are discussing the possibility of launching a new league in Europe, which could give Durant and his new role within the PSG ecosystem even more prominence.

Club President Nasser Al-Khelaïfi welcomed the player's addition as an investor: “Along with Kevin,We look forward to developing ambitious initiatives that will drive the continued global growth of Paris Saint-Germain and QSI.”