Qatar Sports Investments buys a stake in Clube de Braga.
Qatar Sports Investments (QSI), the investing firm behind several world-leading sports brands and enterprises, signed a share purchase agreement with Olivedesportos, SGPS, S.A. to acquire 21.67% of SC Braga’s share capital. QSI will acquire SC Braga shares in the coming months, pending certain conditions.
Sporting Clube de Braga’s men’s and women’s teams compete in the first league of Portuguese football. The club was founded in 1921. The men’s squad has participated in Primeira Liga since 1975 and is presently 3rd. The club’s youth academy is one of the best in Portugal.
Nasser Al Khelaifi, QSI chairman remarked, “Qatar Sports Investments invests in great sports businesses and brands to help them succeed. Portugal is a football-crazed country with some of the world’s top talent. SC Braga has a proud heritage, huge ambition, and a reputation for excellence on and off the pitch.”
Antonio Salvador, president of Braga FC, 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.”