Report: Qatar buying stake in Washington teams
Report: Qatar buying stake in Washington teams
www.espn.com Reports: Qatar buying stake in Washington teams
The Qatar Investment Authority is buying a roughly 5% stake of Monumental Sports & Entertainment, the parent company of the Washington Wizards, Washington Capitals and Washington Mystics, reports say.
It is believed to be the first time the government of Qatar is investing in U.S. professional sports. Sportico first reported the transaction, saying it is the first time any sovereign wealth fund has bought into ownership of an American team.
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