Overview
- Qatar Investment Authority and Arctos Partners have agreements to acquire minority interests from Laurene Powell Jobs in Monumental Sports & Entertainment, according to Sportico’s reporting from anonymous sources.
- The proposal has been presented to NBA and NHL owners, and exact ownership percentages and payment allocations have not been disclosed.
- The investors are not receiving board seats or other governance rights, reflecting league limits on institutional ownership.
- QIA previously purchased a 5% passive stake in 2023 in a deal valuing Monumental at about $4.05 billion, indicating a sharp valuation rise to $7.2 billion in the new transactions.
- Monumental’s assets include the NBA’s Wizards, the NHL’s Capitals, the WNBA’s Mystics, Capital One Arena, and a regional media network, and representatives for the parties declined or did not respond to requests for comment.