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Qatar wealth fund that owns Lionel Messi’s PSG is …

Qatar Sports Investments, the owner of top French football team Paris Saint-Germain, is buying almost 22% of Portugal’s SC Braga, a move that’s part of the trend toward multi-club ownership or part-ownership by financial vehicles.

The deal, QSI’s first football venture outside of PSG, is a long-term investment, the firm said Monday. Braga, which has long been overshadowed on and off the field by Portugal’s “Big Three” of Benfica, Sporting Lisbon and Porto, has potential for both financial and sporting growth, it said.

The transaction implies a valuation of €90 million ($88 million) for Braga, according to a person familiar with the agreement. That’s based on the expectation of an increase in TV fees once Portuguese broadcast rights are negotiated collectively, which is expected as soon as 2027, the person said.

Established in 1921, Braga’s men’s and women’s teams compete in the top tier of the Portuguese football league. The men’s team, currently third in the standings, is competing in this season’s Europa League. It qualified only twice for the Champions League and never made it out of the group stage. 

“As an investor and partner, we look forward to the club innovating, growing and developing further –- across the men’s and women’s teams, and all the communities and businesses it supports,” QSI Chairman Nasser Al-Khelaifi said in a statement.

Leeds and Padel

QSI, which bought the controlling stake in PSG in 2011, had previously discussed taking a minority stake in Leeds United in 2019 when the English team was playing in the second tier. It also owns Premier Padel, a fast-growing racket sport.

The trend of multi-club ownership is gaining momentum globally, with 196 teams now pertaining to broader football groups as of August, according to CIES. 

City Football Group is setting the pace and now owns 10 clubs outright, including English champions Manchester City. Red Bull backs a group that includes…

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