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Qatar's sovereign wealth fund is buying a roughly 5% stake in the parent company of the NBA’s Washington Wizards, NHL’s Washington Capitals and WNBA’s Washington Mystics as part of a
Qatar's sovereign wealth fund is buying a roughly 5% stake in the parent company of several U.S. professional sports teams.
It is believed to be the first time the government of Qatar is investing in U.S. professional sports.
A person with knowledge of the sale tells The Associated Press the Qatar Investment Authority is buying a roughly 5% stake of Monumental Sports & Entertainment as part of a $4.05 billion deal.
Qatar's sovereign wealth fund is buying a roughly five per cent stake in the parent company of the NBA's Washington Wizards, NHL's Washington Capitals and WNBA's Washington Mystics as part of a US$4.05 billion deal, a person with knowledge of the sale said Thursday.