Because of the club's financial issues, the president Fernando Sanz found investments at Doha in Qatar to begin a huge project. He also began conversations about the project with Sheikh Abdullah ben Nasser Al Thani. On the 11th of June, 2010, following a period of talks, Al Thani became the company's new owner. He was named president on July 28 at the meeting of the members.
On the 28th of June, 2010 Jesualdo Ferreira was appointed coach while Moayad Sharatat was named general manager and vice president. After this, the club signed of prominent players such as Salomon Ronaldo and Eliseu. In November, however Jesualdo was dismissed as he was not able to deliver the expected results, which put his team in the bottom zone. Then Shatat announced Manuel Pellegrini as coach.
In the absence of "The Caretaker" as the head of the team the team was able to cut players from the team and replace them with players such as the centre-back Martin Demichelis and midfielder Julio Baptista. The record-breaking streak of five consecutive La Liga wins, alongside the draw against Athletic Bilbao at San Mames at the beginning of January 2011 allowed the team to continue to gain momentum throughout the league. They finished the 2011-11 season in the 11th position.
As preparations in preparation for 2011-2012 the club signed an agreement with Nike as the supplier of kits for the club. Malaga also signed a cooperation agreement with UNESCO that has also become the main sponsor of the kit. The most notable signings of the season were Dutchman Ruud Van Nistelrooy the former Lyon French midfielder Jeremy Toulalan, and the most expensive acquisition in the history of the club, Santi Cazorla, who came from Villarreal in the shape of a EUR21 million agreement. Other lesser-known players, such as Isco and the former Spanish International midfielder Joaquin and left-back Nacho Monreal, played a major role in the success that came to Malaga. In the very first season in the club's past history, they was selected for Champions League after finishing the 2011-12 La Liga campaign in fourth. For their first time of the Champions League, Malaga were joined by Italian titans Milan and the reigning Belgian as well as Russian champions Anderlecht and Zenit Saint Petersburg, respectively. Malaga did manage to get through the group stage without losing and won their games against each of the clubs. For the 16th round the team played Portuguese champions Porto and lost the initial away game 1-0 , while winning at home by 2-0, and progressing to the quarterfinals. In a much-anticipated tie in the quarter-finals against German Champions Borussia Dortmund and Borussia Dortmund, the home game ended 0-0, providing Malagauistas with a decent possibility of progressing result of a draw in the away match. In the second game, which was marred by controversial refereeing decisions, the scoreboard was 2-2 after the 90-minute mark, which seemed to secure Malaga's place in the semis however, two goals in the final minutes scored by Marco Reus (90 1st minute) and Felipe Santana (90 3rd minute) changed the game in favor of the home side. After the defeat of the team, the club's the president Abdullah ben Nasser Al Thani declared that a formal complaint would be lodged before UEFA in addition to FIFA.
The next year, Malaga was banned by the UEFA together with other clubs, due to its obligations. In a statement, the UEFA stated that the club would be disqualified from competitions in which it could be eligible, over the next four seasons. The restriction was later reduced to one year and the club was subsequently excluded of the 2013-14 Europa League.
As of the end of the 2013 summer Isco was transferred Isco to Real Madrid, Joaquin to Fiorentina and midfielder Jeremy Toulalan to Monaco. The manager's position was has also changed as Bernd Schuster replacing Manuel Pellegrini.
After the year 2013, Malaga suffered a steady decline , which would lead to the team finishing lower throughout the season. On 19 April 2018, Malaga faced Levante U.D. looking to end their streak of 10 consecutive defeats which put them in the 20th spot in LaLiga. But, the game turned worse , and Malaga lost a goal to the Levante's Emmanuel Boateng in stoppage time for the final score to be at 0-1. The result was that Malaga was relegated into the Segunda Division, ending a streak of ten seasons playing in Europe's top league.
In the year 2019, Malaga was close to being moved up to La Liga, finishing third in the Segunda Division, but was eliminated in the first round of Play-offs against Deportivo de La Coruna. In this year's 2019-20 Segunda Division season, Victor Sanchez del Amo will remain as the coach.
In the first quarter of 2020, reports surfaced that the owner of the club Sheikh Abdullah Al Thani and his family members, who are owed by Malaga EUR7.3m in credit lines and loans were buying shares of smaller shareholders for their personal expenditures and business interests, but until February 2022, there was there is no evidence to prove any violation of the law that could allow judges to decide that a criminal charge is justifiable. . [22] In August of 2020 the administrator appointed by the court announced that he was planning to cut the entire first team squad to prevent the club from going under but no evidence of the necessity was offered.
