Qatari Sovereign Wealth Fund to Acquire Position in Trio of DC Sports Teams
Posted on 06/23/2023
The Qatar Investment Authority (QIA) is buying a passive minority stake in Washington Wizards and Capitals parent Monumental Sports & Entertainment. Monumental Sports & Entertainment owns the NHL’s Washington Capitals, NBA’s Washington Wizards, and WNBA’s Washington Mystics. QIA will purchase roughly a 5% share of the organization in a deal that values Monumental Sports &…
