Qatari Wealth Fund Buying Into Wizards Parent in $4.05B Deal | Scott Soshnick, Eben Novy-Williams - www.sportico.com
Qatari Wealth Fund Buying Into Wizards Parent in $4.05B Deal | Scott Soshnick, Eben Novy-Williams - www.sportico.com
The Qatar Investment Authority is buying a passive minority stake in Washington Wizards and Capitals parent Monumental Sports & Entertainment, according to multiple people familiar with the details. It marks the first time a sovereign fund has invested in major U.S. team sports.
2 comments
Oil money is flooding the entertainment industries.
We've seen this sportswashing already in football/soccer, F1, WWE, PGA and now even NHL and NBA. Who's next? Disgusting.