Qatar Sports Investments completes its acquisition of Belgian second-division club KAS Eupen, expanding its European portfolio.
Paris Saint-Germain’s Qatari owners have completed their acquisition of Belgian club KAS Eupen. The deal formalises full ownership months after Qatar Sports Investments took control of sporting operations.
The Deal Confirmed
Qatar Sports Investments announced the completed acquisition in a statement on Thursday: “This formalises QSI’s full ownership of the club,” the statement read.
The group had already taken over Eupen’s sporting operations in December 2025. QSI said both parties worked closely together throughout the process.
That collaboration aimed at building foundations for long-term sporting and commercial development. The deal value was not disclosed publicly. QSI chairman Nasser al-Khelaifi now oversees the club as its sole owner.
A Long-Standing Qatari Connection
Qatar has been involved with Eupen since 2012 through the Aspire Academy. That academy used the Belgian club as a platform for developing young talent. Eupen spent eight consecutive seasons in Belgium’s top flight during that period.
The club was relegated to the second division in May 2024. Sporting director Pasquale Sensibile, appointed by QSI, currently leads the club’s operations. Felice Mazzu serves as head coach at the second-tier side.
Expanding A Multi-Club Portfolio
QSI acquired a majority stake in Paris Saint-Germain back in 2011. That takeover transformed PSG (1.18) into the dominant force in French soccer. PSG have won twelve of the fourteen Ligue 1 titles since the acquisition. They also stand as two-time defending Champions League winners.
QSI additionally holds a minority stake in Portuguese club Braga since 2022. The Eupen deal therefore deepens a growing European network of clubs. That structure now stretches from Paris to Braga and Eupen.
The Wider Trend
Multi-club ownership continues spreading rapidly across European soccer. Numerous major investment groups now control clubs across several different leagues. QSI’s Eupen acquisition formalizes a structure that had already existed informally. The focus at Eupen will remain on sporting and commercial growth.
The club continues competing in Belgium’s second division this season. QSI is expected to support further development as Eupen rebuild. Whether promotion back to Belgium’s top flight follows remains to be seen. For now, though, QSI’s European footprint has grown once again.
