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Qatari fund looking to invest into Monumental Sports & Entertainment

Related Topics: Qatar, Ted Leonsis

Last week, Rick Maese and Ben Golliver of The Washington Post reported that the Qatari Investment Authority, a state-owned entity, intends to buy a 5 percent stake in Monumental Sports & Entertainment (MSE). If all sides approve this deal, the Qatari government would be the first to own a piece of major American professional sports teams.

MSE owns the Washington Wizards, Mystics, Capitals, and Capital City Go-Go. They also have Wizards DG and own NBC Sports Washington, soon to be renamed as Monumental Sports Network.

The NBA and NHL are the two biggest leagues involved in the deal, given that MSE is more than ownership of just one team.