The Qatari boss of Paris Saint-Germain on Monday agreed a deal to take a minority stake in Portuguese membership Braga.
Qatar Sports Investments mentioned an settlement to purchase about 22 p.c of the shares within the 101-year-old membership was introduced to the Portuguese monetary authorities, and the deal ought to be accomplished inside months. QSI is shopping for up Champions League prospects with Braga, a Europa League common who reached the ultimate in 2011 and performed in group stage seven of the earlier eight seasons.
The membership is ranked third within the Portuguese league – behind conventional powers Benfica and Porto – which at present earns a spot within the Champions League qualifying rounds.
However, the Champions League reforms that took impact in 2024 noticed a 3rd direct entry by UEFA into the group stage for the home league at No. 5, and Portugal are competing for that slot with France and the Netherlands. Although UEFA guidelines bars golf equipment in shared possession to play in the identical competitors, QSI’s minority stake would survive interference if PSG had been drawn to play Braga. “We believe it is the right shareholder to accelerate our growth and expansion,” mentioned Braga President Antonio Salvador.
QSI President Nasser Al-Khelafi, who can also be PSG’s chairman, described Braga as “an exemplary Portuguese institution with a proud history, immense ambition and a reputation for excellence on and off the pitch”.
With inputs from TheIndianEXPRESS
