Owners of Paris Saint-Germain acquire part of Sporting de Braga from Portugal | Other Soccer Leagues

Qatar Sports Investments (QSI), owner of Paris Saint-Germain and with several investments in the world of sports, decided to bet on the
Portuguese football and acquire part of Sporting de Braga
one of the main teams in the Portuguese first division.

Braga reported this Monday in a statement sent to the Securities Market Commission (CMVM) that the Qatari group acquired 260,000 shares from the Portuguese company Olivedesportos, equivalent to 21.67% of the capital social club of the north of Portugal.

Likewise, he recalled that the transfer of shares “is subject to a term of 60 days, as well as the verification of a set of conditions on the date of transmission.”

The bracarenses expressed in a statement published on their website their “enthusiasm” with the investment of Qatar Sports Investments and stressed that their “internationally demonstrated capacity and experience” will contribute to the “growth” and “global expansion” of Braga.

On the other hand, the president of the team, António Salvador, assured in a statement released by QSI that “this agreement is adequate” to promote the “incredible potential” and the “ambitious plans” of the Portuguese club. “It’s a great day for our club, for our supporters and for our city, as we look forward to many future successes for Braga,” he said.

In the same statement, the president of the Qatari group and PSG, Nasser Al Khelaifiexpressed his “pride” in this investment and explained that he expects the “club to innovate, grow and develop even more”.

Braga is one of the main emblems of Portuguese football and is usually considered the “big fourth”, behind Benfica, Porto and Sporting. At the moment it occupies the third position in the classification of the Portuguese championship.

EFE

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