Overview
- Proposals have been presented to NBA and NHL owners for review, according to people familiar with the transactions reported by Sportico.
- The new investments are described as passive with no board seats or other governance rights for QIA or Arctos.
- Specific stake sizes and payment terms were not disclosed, and Monumental, QIA and Arctos declined to comment.
- The $7.2 billion enterprise value marks a sharp rise from QIA’s 2023 entry that valued Monumental at $4.05 billion.
- Zachary Leonsis said Monumental is operating with a “pre‑IPO” mindset and has no immediate plan to go public, and Sportico reported that some proceeds are expected to flow back to the company.