Qatar Sports Investments, the investment group behind many of the world’s leading sports brands and businesses, announced that it has become a partner in the Portuguese team by purchasing 21.67% of the shares of Sporting Clube de Braga as a result of the agreement with Olivedesportos.
The share purchase agreement, announced to the Portuguese Securities Market Commission (Comissão do Mercado de Valores Mobiliários “CMVM”) and the market, will be finalized in the next few months, subject to certain sale conditions.
Established in 1921, Sporting Clube de Braga has a glorious history and heritage in Portugal with its men’s and women’s teams competing at the highest level of Portuguese football. Braga, which has been fighting with the men’s team in the Primeira Liga since 1975, is in the 3rd place as of the first 9 weeks. Braga, which stands out by finishing the league in the top 4 with its stable structure, has become one of the leading teams in Portugal with its infrastructure.
At the time Qatar Sports Investments bought Paris Saint-Germain, the French team was a local football club worth 70 million Euros; By independently creating a leading lifestyle brand, it has become one of the most followed businesses over the years with its digital activities in the world sports and entertainment industry and has reached a value of billions of dollars.
It has also become a global sports club with the best professional teams in men’s, women’s and youth football, handball, judo and e-sports branches. Antonio Salvador, President of Sporting Clube de Braga, stated that he thinks Braga will reveal its potential thanks to Qatar Sports Investments’ extraordinary experience.