Wizards: Qatar is buying a minority stake in Washington Wizards

[JohnnyMax]

https://twitter.com/JoePompliano/sta...61951730118658

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/sta...65181469917185

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.

[Seventyniner]

Wizards are on quite the run here.

OUT: Beal, Porzingis
IN: Poole, no firsts, human rights abusers

I guess you can't fire the owners.

[TDMVPDPOY]

these oily rich clowns are banking on tv deals as revenue, could care less about gate tickets as revenue...buying up players and sports teams, diversifying their investments

[Trainwreck2100]

[140]

wow thats crazy, imagine if now other human rights abusers super rich people have the same idea and start owning sports teams

[TDMVPDPOY]

wow thats crazy, imagine if now other human rights abusers super rich people have the same idea and start owning sports teams

just like the saudi chimp who wanted to turn top teams in europe to break away from their compe ions and form a new superleague, couldnt do it, so ends up buyin newcastle... thinks he can turn football/soccer like how he combine both uspga and world pga into 1 group due to his money...if u a athelete who will never be goat conversation will also chase the money these oily rich clowns are handing out

[InRareForm]

Liv , laugh, love

[Tyronn Lue]

They've killed fewer fathers than some of the previous NBA owners

[FrostKing]

I don't have an issue with Arab World getting involved in our sports but yah we should probably tone down the virtuous messaging.