Qatar’s sovereign wealth fund QIA and Arctos Partners are acquiring passive minority stakes in Monumental Sports & Entertainment, valuing the company at $7.2 billion. The stakes are being purchased from Laurene Powell Jobs, who previously held around 20 percent, and neither QIA nor Arctos will gain board seats. This new valuation reflects a 78 percent increase from QIA’s earlier investment in June 2023. QIA, managing $557 billion, and Arctos, with a diverse sports portfolio, have presented the deals to NHL and NBA owners.
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QIA and Arctos Partners Acquire Stake in Wizards’ Parent Company
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