June 20 (UPI) -- Phoenix Suns forward Kevin Durant purchased a stake in Paris Saint-Germain, the French Ligue 1 soccer franchise announced Friday.

Durant made the move by signing an investment and strategic partnership agreement with Qatar Sports Investments, the majority owner of the franchise.

"It is an honor to partner with QSI and be a shareholder in Paris Saint-Germain -- a club and a city that is so close to my heart," Durant said in a news release.

"This club has big plans ahead, and I can't wait to be a part of the next phase of growth; and to explore new investment opportunities with QSI."

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