WASHINGTON: Monumental Sports & Entertainment (MSE) has announced Qatar Investment Authority as a minority investor in the company, which owns and operates seven professional and amateur team franchises, six venues and two media networks, among additional assets.
MSE is one of the most valuable sports and entertainment enterprises in the world, with one of the most diverse ownership groups in the sports industry.
As one of the largest integrated sports and entertainment companies in the country, MSE’s platform provides unique opportunities and scalability for growth and partnerships. Located in the nation’s capital and one of the most powerful cities in the world, MSE’s brands are consumed by an audience with a global perspective, a media release said.
QIA is the sovereign wealth fund of the State of Qatar, founded in 2005. Among its many diverse investments, QIA is the principal owner of CityCenterDC, the mixed-use development that has revitalized the surrounding area, and is located just a few blocks from the Capital One Arena. QIA is a shareholder in many major US companies across a range of sectors, including real estate, technology, consumer goods and healthcare. The investment in MSE is consistent with QIA’s focus on long-term, high-value investments.
Monumental Sports’ teams include the 2018 NHL Stanley Cup Champion Washington Capitals, NBA’s Washington Wizards, WNBA’s 2019 Championship Washington Mystics, NBA G League’s Capital City Go-Go, and the 2021 & 2020 NBA 2K League Champion Wizards District Gaming and Caps Gaming, an esports sub-brand of the Capitals. MSE is also a co-owner of aXiomatic, which has a controlling interest in global esports franchise Team Liquid.
