One Year Ago, Qatar Broke Into U.S. Team Sports. No One Followed
One year ago this week, Sportico reported that the Qatar Investment Authority (QIA) was investing in the Washington Wizards and Washington Capitals, becoming the first…
sovereign wealth
Saudi PIF Expands Into Tennis With ATP Partnership
Public Investment Fund (PIF), Saudi Arabia’s controversial sovereign wealth fund, is partnering with the Association of Tennis Players (ATP) in its latest push into…
Middle Eastern Sports Cash Doesn’t Faze Young Americans: Harris Poll
The 2024 Qatar Open, a WTA 1000 event, concluded on Feb. 17 with Iga Świątek defeating Elena Rybakina in the final. This week, the ATP is hosting its own smaller event…
The NFL May Be Too American for Sovereign Wealth Funds
By most financial measures, the NFL is ascendant in U.S. sports. The league boasts the highest team values on average, the best TV ratings and the most active…
Senate Bills Target PGA Tour Tax Exemption, Sovereign Wealth Funds
Senate Finance Committee Chairman Ron Wyden (D-Ore.) introduced two bills on Wednesday aimed at curtailing tax law benefits enjoyed by the PGA Tour and its new business…
Exclusive
Qatari Wealth Fund Buying Into Wizards Parent in $4.05B Deal
The Qatar Investment Authority is buying a passive minority stake in Washington Wizards and Capitals parent Monumental Sports & Entertainment, according to multiple…
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