athletic interest

Qatar sovereign fund boosts its stake in Monumental Sports

The deal comes as Saudi Arabia’s Public Investment Fund is reported to have made its first major investment move into the growing sport of padel

David Davies/PA Images via Getty Images

Boats floating by downtown Doha

The Qatar Investment Authority has increased its stake in Monumental Sports & Entertainment, the owner of U.S. teams including the NBA’s Washington Wizards and the WNBA’s Washington Mystics, alongside private equity sports investor Arctos Partners.

The QIA and...