Kevin Durant, a 14-time NBA All-Star, has invested in the Ligue 1 club PSG, acquiring an undisclosed stake. According to reports, Durant is set to reveal his minor ownership share in the club, which is mainly owned by Qatari Sports Investments (QSI). Last year, QSI opened up to American investment by selling a 12.5 percent share to Arctos Partners.
The club’s current valuation stands at €4.25 billion. Durant’s investment in PSG adds to his sports portfolio, which includes a five-percent share in MLS team Philadelphia Union and a minority ownership in NWSL champions Gotham FC.
Durant joins a trend of NBA stars investing in soccer, following in the footsteps of LeBron James, who invested in Liverpool in 2012, and James Harden, who co-owns Houston Dynamo.
Retired NBA legends Magic Johnson and Steve Nash have also ventured into soccer investments both domestically and internationally.
Recently, Durant, who just won his fourth Olympic gold medal with Team USA, is preparing for his 17th NBA season. At 35, he has started contemplating retirement. In a TV One interview, Durant acknowledged that the idea of retirement increasingly occupies his thoughts.
“As I get older in the league and the league is getting younger, I tend to think about retirement more,” Durant said. He admitted he’s unsure about his post-basketball plans but expressed a desire to stay connected to the sport. “It’s going to be a huge transition,” Durant added, reflecting on his lifelong dedication to basketball.
