Paris Saint-Germain’s Qatari-backed ownership group has completed the full acquisition of Belgian club KAS Eupen, strengthening its growing presence in European football.
Qatar Sports Investments (QSI), which controls PSG, confirmed on Thursday that the transaction had been finalised after several months of involvement with the Belgian second-division side.
The development follows QSI’s takeover of Eupen’s sporting operations in December 2025. The latest agreement now formalises the group’s full ownership of the club.
In a statement, QSI said it had worked closely with Eupen to build a strong platform for the club’s future, with attention placed on both sporting progress and commercial development.
The investment group is expected to continue supporting Eupen as the club competes in Belgium’s second tier and works towards rebuilding its position in domestic football.
The acquisition also adds another club to QSI’s wider football portfolio. Apart from PSG, the group owns a minority stake in Portuguese side Braga, which it acquired in 2022.
QSI took control of PSG in 2011, ushering in a period of significant investment at the French club. Since then, PSG have become a dominant force in Ligue 1, winning 12 of the 14 league titles contested during that period.
Eupen has also had links with Qatari football interests for more than a decade. Aspire Academy took control of the Belgian club in 2012, with the team becoming part of a wider football development structure.
During that period, Eupen established itself in Belgium’s top flight and spent eight seasons competing at the highest domestic level.
The club’s top-flight run ended in May 2024 following relegation to the second division. Since then, Eupen has been focused on rebuilding and competing for another opportunity to return to the elite level of Belgian football.
The completion of QSI’s acquisition now opens a fresh chapter for the club.
With the new ownership structure officially in place, attention is likely to turn towards strengthening Eupen’s squad, improving its sporting operations and developing its commercial prospects.
The club could also benefit from the experience and resources available through QSI’s wider football network. However, its immediate challenge remains achieving greater consistency in the Belgian second tier and laying the groundwork for sustainable progress.
For QSI, the deal represents another step in its strategy of expanding its involvement in European football beyond Paris.
Eupen’s addition to the portfolio gives the investment group another platform through which it can develop football talent while building a stronger presence in another European market.
The Belgian club will now look to make the most of the new era as it seeks to improve its competitive position and eventually challenge for a return to the top flight.
With the acquisition officially concluded, both QSI and Eupen will turn their attention to the next stage of the project, with sporting development and long-term sustainability expected to remain central to the club’s plans.
