QSI, owner of PSG, acquires a minority stake in Braga
Paris Saint-Germain owners Qatar Sports Investments (QSI) have acquired a minority stake in Portuguese club Braga.
QSI has made PSG a European heavyweight since taking over in 2011, a period in which the Ligue 1 giants won 29 trophies.
The Doha-based organization announced on Monday that it has purchased 21.67% of Braga's share capital, with the deal expected to be certified in the coming months.
Braga's best result in the Primeira Liga came in the 2009-10 campaign when they finished second to Benfica.
They are European regulars, having played in the Europa League group stage in seven of the last eight seasons and reached the final in 2011.
Nasser Al-Khelaifi, Chairman of QSI and Chairman of PSG, said: "Qatar Sports Investments is proud to invest in leading sports companies and brands around the world, enabling them to achieve their full potential.
"Portugal is a country built 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, across the business and brand side, and across all communities and communities. companies it supports - as SC Braga continues its ambitious path.”
Braga President Antonio Salvador added: "Braga is delighted to welcome Qatar Sports Investments as an investor in our club.
"We believe this is the right shareholder to accelerate our growth and expansion, helping us realize our incredible potential as a club.
“The extraordinary experience of Qatar Sports Investments – with its global expertise, insight and track record of incredible results in sport and business – will bring enormous value and help us achieve our ambitious plans.
"It's a great day for our club, our fans and our city, as we look forward to many future successes for SC Braga."
Braga finished fourth in the Portuguese top flight last season, behind powerhouses Porto, Sporting CP and Benfica, and are third after nine games in the current campaign.
Paris Saint-Germain owners Qatar Sports Investments (QSI) have acquired a minority stake in Portuguese club Braga.
QSI has made PSG a European heavyweight since taking over in 2011, a period in which the Ligue 1 giants won 29 trophies.
The Doha-based organization announced on Monday that it has purchased 21.67% of Braga's share capital, with the deal expected to be certified in the coming months.
Braga's best result in the Primeira Liga came in the 2009-10 campaign when they finished second to Benfica.
They are European regulars, having played in the Europa League group stage in seven of the last eight seasons and reached the final in 2011.
Nasser Al-Khelaifi, Chairman of QSI and Chairman of PSG, said: "Qatar Sports Investments is proud to invest in leading sports companies and brands around the world, enabling them to achieve their full potential.
"Portugal is a country built 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, across the business and brand side, and across all communities and communities. companies it supports - as SC Braga continues its ambitious path.”
Braga President Antonio Salvador added: "Braga is delighted to welcome Qatar Sports Investments as an investor in our club.
"We believe this is the right shareholder to accelerate our growth and expansion, helping us realize our incredible potential as a club.
“The extraordinary experience of Qatar Sports Investments – with its global expertise, insight and track record of incredible results in sport and business – will bring enormous value and help us achieve our ambitious plans.
"It's a great day for our club, our fans and our city, as we look forward to many future successes for SC Braga."
Braga finished fourth in the Portuguese top flight last season, behind powerhouses Porto, Sporting CP and Benfica, and are third after nine games in the current campaign.
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