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Qatari Wealth Fund Buying Into Wizards Parent in $4.05B Deal | Scott Soshnick, Eben Novy-Williams - www.sportico.com (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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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.

https://www.sportico.com/business/team-sales/2023/qatar-sovereign-wealth-monumental-capitals-wizards-1234725703/

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[–] your 1 points 1 year ago

Oil money is flooding the entertainment industries.