The Qatari owner of Paris Saint-Germain reached an agreement on Monday to take a minority stake in Portuguese club Braga.
Qatar Sports Investments said an agreement to buy almost 22 percent of the shares of the 101-year-old club has been declared to Portuguese financial authorities and the deal should be completed within months. QSI are buying into the Champions League potential with Braga, a Europa League regular who reached the final in 2011 and has made seven group stage appearances in the last eight seasons.
The club is in third place in the Portuguese league – behind traditional powerhouses Benfica and Porto – which is currently securing a place in the Champions League qualification.
However, the reforms of the Champions League, coming into effect in 2024, allow a third direct group stage entry for the domestic league, ranked 5th by UEFA, and Portugal are vying with France and the Netherlands for that spot. Although UEFA rules prohibit jointly owned clubs from playing in the same competition, QSI’s minority stake would likely avoid intervention if PSG were drawn against Braga. “We believe this is the right shareholder to accelerate our growth and expansion,” said Braga President Antonio Salvador.
QSI Chairman Nasser al-Khelaïfi, who is also PSG President, described Braga as “an exemplary Portuguese institution with a proud history, enormous ambitions and an excellent reputation on and off the pitch”.