Qatar Sports Investments has announced that it is acquiring a share in Portugese football club, SC Braga.
The Paris Saint-Germain (PSG)-ownership group will gain 21.67% share capital of the Primeira Liga team, whilst closing of the acquisition of the shares will take place in the next few months, subject to certain closing conditions.
Antonio Salvador, President of SC Braga, said: “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. It is a great day for our club, our fans and our city, as we look forward to many future successes for SC Braga.”
SC Braga highlighted its ‘proud history and heritage’ in Portugal, with its men’s and women’s team competing in the top tier of Portuguese football.
“Qatar Sports Investments is proud to invest in leading sports businesses and brands around the world, enabling them to reach their full potential,” added Nasser Al-Khelaïfi, Chairman of Qatar Sports Investments.
“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.”