QIA ‘set to buy stake’ in Washington NBA, NHL, WNBA teams

Kristaps Porzingis of the Washington Wizards shoots against the San Antonio Spurs. (Getty Images)
Kristaps Porzingis of the Washington Wizards shoots against the San Antonio Spurs. (Getty Images)

Qatar Investment Authority (QIA), the Middle Eastern country's sovereign wealth fund, is poised to invest in a five-per-cent stake in Monumental Sports and Entertainment, the parent company of the National Basketball Association's Washington Wizards, National Hockey League's Washington Capitals and WNBA’s Washington Mystics.

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