Washington, December 18 (QNA) - Monumental Sports & Entertainment (MSE) announced that Qatar Investment Authority has increased its stake in the company. MSE is a leading firm that integrates sports, media, and entertainment.

The Authority first invested in MSE in 2023, as part of its focus on long-term, high-value investments.

In a statement issued today, MSE revealed the addition of Arctos Partners (Arctos) as a new minority investor.

Both MSE and Arctos share a commitment to developing the capital, Washington, DC, and transforming it into one of the world’s strongest hubs for sports and entertainment.

MSE owns and operates the Washington Capitals (NHL), Washington Wizards (NBA), Washington Mystics (WNBA), Capital City Go-Go (NBA G League), Wizards Gaming (NBA 2K League), in addition to the local media platform Monumental Sports Network (MNMT), along with several other significant investments in the sports and entertainment sectors.

MSE also operates Capital One Arena in downtown Washington, DC, and is leading a transformation of the arena and the surrounding sports and entertainment district valued at more than $800 million. The project is part of a public-private partnership with the District of Columbia government.

In this context, CEO of the Qatar Investment Authority Mohammed Saif Al Sowaidi, said: "since QIA first invested in MSE in 2023, the company has continued to create tremendous value for both fans and investors. We are delighted to further our partnership with the company as it welcomes Arctos – demonstrating the continued potential in the commercialization of professional sports. QIA’s continued commitment to MSE is an example of our focus on long-term, high-growth investments, and our growing portfolio of sports and entertainment investments with like-minded partners."

Qatar Investment Authority is a significant investor in several leading US companies across various sectors, including real estate, technology, consumer goods, and healthcare.

It is worth noting that its diversified investment portfolio includes CityCenterDC, a mixed-use development near Capital One Arena, in which the Authority is the principal owner.

For his part, Founder, Chairman, Managing Partner, and CEO of MSE Ted Leonsis reaffirmed the company’s long-term commitment to Washington, DC, through a focus on building a comprehensive sports ecosystem that creates added value and enables continued strategic investment in its teams while delivering a world-class fan experience, expressing his excitement at welcoming Arctos as a partner.

In turn, Co-Founder and Managing Partner at Arctos Doc O’Connor described Monumental Sports & Entertainment as one of the most important ownership groups in terms of innovation and development in global sporting events.

"We're proud to partner with Ted and the MSE team as they continue to elevate the fan experience, invest in the community, and build long-term value across a world-class platform," he added. (QNA)