QATAR INVESTMENT AUTHORITY is reportedly buying a stake in three US sports teams, which could indicate the infusion of more Gulf investment into the sports sector in the USA.
Sportico reported that the Qatar’s sovereign wealth fund is buying a “passive minority stake” in Monumental Sports & Entertainment. The company owns the Washington Wizards in NBA, the Washington Mystics in the Women’s National Basketball Association (WNBA) and the Washington Capitals in the National Hockey League (NHL).
A spokesperson for Monumental Sports & Entertainment declined to issue a statement but described the Sportico report as “accurate”, a report in Al-Monitor said.
