JohnnyMax
06-22-2023, 06:28 PM
https://twitter.com/JoePompliano/status/1671961951730118658
BREAKING: The Qatar Investment Authority is buying a minority stake in Monumental Sports & Entertainment — the parent company of the Washington Wizards (NBA) & Capitals (NHL).
That makes them the first sovereign wealth fund to invest in a major US sports team.
https://twitter.com/JoePompliano/status/1671965181469917185
For those who don’t already know, the NBA recently loosened its rules to allow pension funds, endowments, and sovereign wealth funds to buy minority stakes in individual NBA teams.
This is the first deal — but it most certainly won’t be the last.
BREAKING: The Qatar Investment Authority is buying a minority stake in Monumental Sports & Entertainment — the parent company of the Washington Wizards (NBA) & Capitals (NHL).
That makes them the first sovereign wealth fund to invest in a major US sports team.
https://twitter.com/JoePompliano/status/1671965181469917185
For those who don’t already know, the NBA recently loosened its rules to allow pension funds, endowments, and sovereign wealth funds to buy minority stakes in individual NBA teams.
This is the first deal — but it most certainly won’t be the last.