Qatar’s sovereign wealth fund is buying a roughly 5% stake in the parent company of the NBA’s Washington Wizards, NHL’s Washington Capitals and WNBA’s Washington Mystics as part of a $4.05 billion deal, a person with knowledge of the sale said Thursday, June 22.
The person spoke to The Associated Press on condition of anonymity because the agreement between the Qatar Investment Authority and Monumental Sports & Entertainment had not been announced.
