PSG owners QSI looking to expand their empire with €100m takeover of Spanish club

QSI already holds an 87.5% stake in PSG and 21.67% ownership of Braga. Now, reports from Sky News and L'Équipe confirm that negotiations between the Qatari group and Malaga are well advanced for a complete takeover.

Malaga have faced financial difficulties in recent years, and are currently under receivership. The club is co-owned by the Spanish hotel and real estate group BlueBay (49%) and Qatari businessman Abdullah Al-Thani. A takeover by QSI would not only stabilise the club’s finances but also add another European team to QSI’s growing sports empire. QSI’s interest in Malaga is driven by several key factors. The city of Malaga is set to host matches during the 2030 FIFA World Cup, which includes plans to renovate and modernise the club’s stadium. Furthermore, as the sixth-largest city in Spain, Malaga presents a significant market expansion opportunity for QSI, both commercially and competitively.

A QSI spokesperson confirmed that the group is exploring multiple investment opportunities in both Europe and America. Alongside the potential Malaga acquisition, reports suggest that QSI is also considering a project in Belgium, further expanding its portfolio in European football.

Meanwhile, PSG remains a key part of QSI’s long-term plans, despite recent changes in its ownership structure. The French club recently sold a 12.5% stake to American investment fund Arctos, and discussions are ongoing with other potential investors. However, sources close to QSI insist that the group is not looking to exit PSG, but rather to bring in strategic partners to enhance the club’s existing vision.

If Malaga, under QSI’s ownership, were to gain promotion to La Liga and eventually qualify for European competitions, there could be regulatory challenges ahead. UEFA’s rules prohibit clubs with the same majority owner from competing in the same tournament, meaning that both PSG and Malaga would need to ensure compliance if they were to participate in the Champions League or Europa League simultaneously. However, should the takeover go through, Malaga could be set for a major transformation, with significant financial backing and an ambitious vision aimed at restoring the club’s former glory.