NBA star Kevin Durant has become a minority shareholder of French soccer giants Paris Saint-Germain.
According to sources with knowledge of the agreement — granted anonymity to protect relationships — Durant’s investment firm Boardroom has bought a “single digit millions” shareholding through a separate financial vehicle created by Arctos Sports Partners which has invested in PSG.
Arctos, a U.S. based private investment firm, purchased a 12.5 per cent stake of the Ligue 1 club last year, in a move that would value PSG at around €4.25billion (£3.64bn; $4.58bn),...