Qatar Sport Investment (QSI), the owner of Ligue 1 side Paris Saint-Germain, are finalising the purchase of Spanish club Mlaga, a source confirmed to ESPN.
The talks with the Bluejay group, which owns 49% of the club and Abdullah al-Thani, who owns 51%, are very advanced and progressing well. Full agreement for 100 million ($107.92 million) could be reached soon, the source added.
QSI, who already owns 87.5% of PSG and 21.67% of Portuguese club Braga, will have all 100% of Mlaga as the only shareholders.
Mlaga, currently15th in the second division, have been in administration since 2019.
Sources added that QSI see Mlaga as having huge potential in a big market: it is the sixth biggest city in Spain and will be hosting some games at the 2030 World Cup.
It is also historically a good academy, even if the first team has not performed well since their 2013 Champions League quarterfinal appearance against Borussia Dortmund.
QSI have been negotiating for some time for the purchase of Mlaga, sources told ESPN, and also want to use the club as a pathway for young Parisians to develop, like it is the case with Braga.
It is not clear how much investment QSI intend to put into the Spanish side at this stage.
QSI have recently diversified their portfolio with the acquisition of shares in the Washington Wizards in 2023 and the Audi Formula One team last year.
