The Qatar Sports Investments group, which owns Paris Saint-Germain, signed a share purchase agreement with Olivedesportos, SGPS S.A. for the acquisition of 21.67% of the share capital of Sporting Clube de Braga.
In a joint statement, Qatar Sports Investments (QSI), a group with investments in several leading sports brands and businesses worldwide, and Sporting de Braga explain that the signing of the share purchase and sale agreement has already been disclosed to the Market Commission. of Securities (CMVM) and to the market.
The conclusion of the purchase of SC Braga shares by QSI “will take place in the coming months, subject to certain conditions”, adds the note.
The SC Braga men’s football team has competed in the Primeira Liga since 1975, and is currently in 3rd place.
Qatar Sports Investments is one of the main sports groups in the world. In addition to owning Paris Saint-Germain F.C., he is also known for the creation of Premier Padel, the world’s leading professional padel circuit, and for his investments in other sporting assets.
During the period of QSI ownership of Paris Saint-Germain, the Parisian club evolved from a local French football club valued at €70 million to a multi-billion-dollar global multi-sport club, “featuring the best professional teams in the men’s, women’s and and youth football, handball, judo and e-sports”, while presenting itself as “a leading lifestyle brand and one of the most recognized and digitally followed companies in global sports and entertainment”, the statement said.
According to Nasser Al-Khelaïfi, President of QSI, quoted in the statement, “Qatar Sports Investments is proud to invest in world-leading sports companies and brands, enabling them to reach their full potential”.
“Portugal is a country anchored in football – with some of the most passionate fans and one of the best talent formations 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”, says the current president of Paris Saint-Germain.
As an investor and partner, he adds, “we hope that the club innovates, grows and develops even more – in the men’s and women’s teams, as well as in all the communities where it operates and the businesses it supports –, as SC Braga continues to tread an ambitious path”.
Also quoted in the statement, António Salvador, president of Sporting Clube de Braga – Futebol, S.A.D., says that “it is with great satisfaction that SC Braga welcomes Qatar Sports Investments as an investor” in the club, considering that it is the right partner for the club. accelerate its growth and expansion and to help realize our potential at SC Braga.
“The extraordinary capacity of Qatar Sports Investments – with its global experience, boldness and a track record of surprising results in various sports and businesses – brings enormous value and will contribute to achieving our ambitious plans”, adds the manager.