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Qatar Investment Authority Buys Minority Stake In Wizards

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Qatar Investment Authority Buys Minority Stake In Wizards - RealGM Wiretap

The Qatar Investment Authority has agreed to purchase a five percent minority stake in Monumental Sports & Entertainment, which is the parent company of the Washington Wizards.

Monumental owns the Wizards, Washington Capitals, Washington Mystics and Capital One Arena and the deal values the group at $4.05 billion.The NBA in 2020 became the first major U.S. league to approve private equity investments.

 

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