The Qatar Investment Authority is buying a roughly 5% stake of Monumental Sports & Entertainment, the parent company of the Washington Wizards, Washington Capitals and Washington Mystics, a source says.

It is believed to be the first time the government of Qatar is investing in U.S. professional sports. Sportico first reported the transaction, saying it is the first time any sovereign wealth fund has bought into ownership of an American team.

  • ManibusanOPEnglish
    1•1 year ago

    Up next: Qatar Investment Authority is buying a 5% stake in the Washington Commanders.