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Qatari Wealth Fund Buying Into Wizards Parent in $4.05B Deal | Scott Soshnick, Eben Novy-Williams - www.sportico.com (lemmy.world)

submitted 2 years ago by ericjmorey@lemmy.world to c/caps@lemmy.world

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cross-posted from: https://lemmy.world/post/440086

The Qatar Investment Authority is buying a passive minority stake in Washington Wizards and Capitals parent Monumental Sports & Entertainment, according to multiple people familiar with the details. It marks the first time a sovereign fund has invested in major U.S. team sports.

https://www.sportico.com/business/team-sales/2023/qatar-sovereign-wealth-monumental-capitals-wizards-1234725703/

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