The Qatar Sports Investments group, which owns Paris Saint-Germain, has signed a share purchase agreement with Olivedesportos, SGPS SA 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 companies worldwide, and Sporting de Braga explained that the signing of the share purchase and sale agreement has already been announced to the Market Commission. Securities (CMVM) and to the market.
The closing of the purchase of SC Braga shares by QSI “will take place in the coming months, subject to certain conditions,” the note adds.
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 most important sports groups in the world. In addition to owning Paris Saint-Germain FC, he is also known for founding Premier Padel, the world’s leading professional padel circuit, and for his investments in other sporting assets.
During the time QSI was owned by Paris Saint-Germain, the Parisian club evolved from a €70 million local French football club into a multi-billion dollar global multi-sports club, “with the best professional teams in the men’s, women’s and women’s teams. – and men’s teams. and and youth football, handball, judo and e-sports” while presenting itself as “a leading lifestyle brand and one of the most recognizable and digitally monitored companies in sports and entertainment worldwide,” the statement said.
According to Nasser Al-Khelaïfi, president of QSI, quoted in the statement: “Qatar Sports Investments is proud to invest in 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,” said the current Paris Saint-Germain president.
As an investor and partner, he adds, “We hope 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 companies it supports — as SC Braga continues to walk an ambitious path”.
Also quoted in the statement, António Salvador, President of Sporting Clube de Braga – Futebol, SAD, says that “it is with great satisfaction that SC Braga welcomes Qatar Sports Investments as an investor” in the club, as it is the right partner for the club to accelerate its growth and expansion and help realize our potential at SC Braga.
“The extraordinary capability of Qatar Sports Investments – with its global experience, audacity and a track record of surprising results in various sports and businesses – offers tremendous value and will help us realize our ambitious plans,” added the manager.
In a statement, the club’s SAD guarantees that “this operation does not entail any change in the management of Sporting Clube de Braga Futebol, SAD, and the full decision-making autonomy of the board appointed with the support of the majority shareholder Sporting Clube de Braga. guaranteed”.
Source: DN
