A control valve of a multi-supercharger system is provided. The control valve includes a first spool rotatably fitted in a valve body and a second spool fitted in the valve body to be coaxially rotatable together with the first spool. A disk member is installed in the valve body to partition a first chamber, in which the first spool is disposed, and a second chamber, in which the second spool is disposed, from each other. A portion of the disk member includes a communication sector, through which the first chamber and the second chamber communicate with each other. A first inlet and a first outlet are disposed in the valve body and a second inlet and a second outlet are disposed in the valve body. A first valve aperture is formed in the first spool for allowing the first spool to communicate with the communication sector.