Qatar Sports Investments (QSI) has signed a share purchase agreement for a 21.67 per cent stake in Portuguese top-flight soccer club SC Braga.
The deal is expected to close in the next few months, subject to certain closing conditions.
SC Braga finished fourth in the Primeira Liga last season and are currently third in the table this campaign after nine games.
QSI is best known as the owner of French soccer champions Paris Saint-Germain and its other sporting outlays includes investing in the International Padel Federation (FIP) to create the new Premier Padel tour.
“Qatar Sports Investments is proud to invest in leading sports businesses and brands around the world, enabling them to reach their full potential,” said Nasser Al-Khelaifi, chairman of QSI.
“Portugal is a country founded on football – with some of the most passionate fans and one of the best talent systems in the world. SC Braga is an exemplary Portuguese institution – with a proud history, enormous ambition and a reputation for excellence on and off the pitch.
“As an investor and partner, we look forward to the club innovating, growing and developing further – across the men’s and women’s teams, on the commercial and brand side, and across all the communities and businesses it supports – as SC Braga continues its ambitious path.”
Antonio Salvador, president of SC Braga, added: “SC Braga is delighted to welcome Qatar Sports Investments as an investor in our club.
“We believe that this is the right shareholder to accelerate our growth and expansion, helping us deliver on our amazing potential as a club.
“The extraordinary experience of Qatar Sports Investments – with its global expertise, acumen and a track record of amazing results across sport and business – will bring enormous value and help us deliver on our ambitious plans.”