Qatar sovereign wealth fund buys stake in Washington's NBA, NHL and WNBA teams

Qatar Sports Investments, a subsidiary of the state-run fund, has owned majority control of French soccer club Paris Saint-Germain since 2011. The same group agreed in October to buy a 22% stake in Portuguese club Braga.

“The NBA Board is currently reviewing a potential investment by QIA in Monumental Sports & Entertainment, the parent company of the Washington Wizards, among other sports properties,” Bass said. “In accordance with the policy, if approved, QIA would have a passive, minority investment in the team, with no involvement in its operations or decision-making.

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Qatar sovereign wealth fund buys stake in Washington's NBA, NHL and WNBA teamsQatar\u0027s sovereign wealth fund is buying a roughly 5% stake in the parent company of the NBA\u0027s Wizards, NHL\u0027s Capitals and WNBA\u0027s Mystics.
Source: TheTorontoSun - 🏆 23. / 68 Read more »

Qatar sovereign wealth fund buys stake in Washington's NBA, NHL and WNBA teams, AP source saysQatar'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.
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