Doha, October 10 (QNA) - Qatar Sports Investments (QSI), the investment group behind several world-leading sports brands and businesses, has announced the signing of a share purchase agreement with Olivedesportos, SGPS, S.A. regarding the acquisition by QSI of 21.67% of the share capital in Sporting Clube de Braga Futebol, S.A.D (SC Braga), one of the leading football clubs in Portugal.

Closing of the acquisition of the shares in SC Braga by QSI will take place in the next few months, subject to certain closing conditions.

Dating back to its establishment in 1921, Sporting Clube de Braga has a proud history and heritage in Portugal, with its men's and women's team competing in the top tier of Portuguese football.

The men's team has competed in Primeira Liga since 1975, regularly finishing in the top 4 and currently placed 3rd, while the clubs youth academy has also developed into one of the leading in Portugal.

Chairman of QSI Nasser Al Khelaifi said, "Qatar Sports Investments is proud to invest in leading sports businesses and brands around the world, enabling them to reach their full potential. Portugal is a country founded on football with some of the most passionate fans and one of the best talent systems in the world. SC Braga is an exemplary Portuguese institution with a proud history, enormous ambition and a reputation for excellence on and off the pitch."

"As an investor and partner, we look forward to the Club innovating, growing and developing further across the men's and women's teams, on the commercial and brand side, and across all the communities and businesses it supports as SC Braga continues its ambitious path," he added.

Antonio Salvador, President of Sporting Clube de Braga Futebol, S.A.D, 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." (QNA)