DUBAI: Washington-based Monumental Sports & Entertainment announced on Friday the Qatar Investment Authority as a minority investor.
The sports and entertainment company owns and operates seven professional and amateur team franchises, six venues and two media networks, among additional assets.
In partnership with the District of Columbia and Events DC, MSE has also built a 4,200-seat arena in Southeast DC.
QIA, the sovereign wealth fund of Qatar, is a shareholder in several major US companies in a variety of industries, including real estate, technology, consumer goods, and healthcare.
The investment in MSE is consistent with QIA’s commitment to long-term, high-value investments.
