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2 months agoQatari investment group and private equity firm reportedly buying Laurene Powell Jobs' stake in Monumental Sports & Entertainment
QIA bought a 5 percent passive minority stake in Monumental in June 2023, making it the first and only sovereign wealth fund to invest directly in a major US sports team, which remains true now. As a sovereign wealth fund, QIA is entirely owned by the government of Qatar, which has increasingly invested in sports over recent years. The Qatari government has been accused of using its increased presence in sports as sportswashing, an effort to help improve the nation's outward-facing reputation,