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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: