NBA star Durant takes minority PSG stake

NBA star Kevin Durant has purchased a minority stake in Champions League winner Paris Saint-Germain (PSG), the French club said on Friday.

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Qatar Sports Investments, PSG's majority shareholder, signed an investment and strategic partnership agreement with Durant, the club said in a statement. Financial terms of the deal were not disclosed.

"Under the terms of the partnership, Durant-via his media and investment company Boardroom, co-founded with long-time business partner Rich Kleiman - will acquire a direct minority stake in the club," PSG's statement said.

The 36-year-old Phoenix Suns forward is a two-time NBA champion and one of the league's elite shot makers.

Durant became the first four-time men's gold medalist in Olympic basketball history when the US took gold at last summer's Paris Olympics.

"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 in comments provided by PSG. "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."