Qatar Sports Investments (QSI), the ownership group behind Paris Saint-Germain, is on the verge of purchasing Spanish second-division club Malaga CF in a deal reportedly worth €100 million.

The Qatari investment fund, which took over PSG in 2011, continues to expand its global football portfolio. Following their acquisition of a 21.67% stake in Portuguese club SC Braga, QSI now aims to secure full control of Malaga as part of its long-term vision.

“QSI is currently exploring a number of strategic investment opportunities across Europe and the Americas,” a spokesperson for the group said, confirming negotiations are also underway regarding a potential project in Belgium.

Malaga, once a staple of La Liga, was relegated in the 2017/18 season but recently fought their way back into the Segunda División. The club completed a major stadium renovation in anticipation of potentially hosting games during the 2030 FIFA World Cup, which will be co-hosted by Spain, Portugal, and Morocco.

With a strong local fanbase, modern infrastructure, and the backing of a major investment group, Malaga is seen as a sleeping giant with the potential to return to Spain’s football elite. The city of Malaga, the sixth-largest in Spain, also offers strategic value from both sporting and commercial standpoints.