Qatar's sovereign wealth fund the Qatari Investment Authority is "close to buying a stake in Monumental Sports and Entertainment," according to sources. A source said that it is a "small stake" being bought. The deal valued Monumental at roughly $4B. This would be the first time there is a direct investment into a team in either the NBA or NHL by a "wealth fund representing the government of another country." The deal "must still be approved by the NBA’s Board of Governors" (THE ATHLETIC, 6/22).
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