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Benzinga

Business

Eric McConnell

NBA Star Kevin Durant Becomes The Latest Celebrity To Invest In European Soccer After Acquiring Minority Stake In PSG

Kevin Durant Paris Saint-Germain NBA Soccer Europe Victor Wembanyama UEFA Champions League Ligue 1 Basketball Paris

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NBA star Kevin Durant has joined a growing list of celebrities who have invested in European soccer teams with the recent acquisition of a minority stake in Ligue 1 side Paris Saint-Germain. Durant couldn't have picked a better time to join forces with PSG. His acquisition comes on the heels of PSG winning the prestigious UEFA Champions League for the first time.

According to The Athletic, Durant's relationship with PSG will be a "strategic partnership," which will involve Durant serving as an advisor to PSG on potential NBA expansion. France already has a high-quality basketball league that has produced several top prospects. Perhaps the most notable of those prospects is 7'5" Victor Wembanyama, who was picked first in the 2023 NBA draft.

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