[1/2] Apr 7, 2023; Washington, District of Columbia, USA; Washington Wizards center Jay Huff (34) dunks the ball against the Miami Heat in the fourth quarter at Capital One Arena.
Mandatory Credit: Geoff Burke-USA TODAY Sports/File PhotoJune 22 (Reuters) - The Qatar Investment Authority (QIA) is buying a passive minority stake in Monumental Sports & Entertainment, the parent of the Washington Wizards and the Washington Capitals, Sportico reported on Thursday, citing people familiar with the matter.
Monumental declined to comment, while QIA did not respond to a Reuters request for comment.
The report comes weeks after another deal in the sporting world that involved a Middle Eastern country.
Reporting by Granth Vanaik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Persons:
Jay Huff, Geoff Burke, Sportico, QIA, LIV, Granth, Maju Samuel
Organizations:
District of Columbia, Washington Wizards, Miami Heat, Capital, USA, Qatar Investment Authority, Monumental Sports & Entertainment, Washington Capitals, Basketball Association's Washington Mystics, NBC Sports Washington, PGA, Thomson
Locations:
Washington, District, USA, Saudi, Bengaluru