Quenton Jackson #29 of the Washington Wizards dribbles the ball during the game against the Miami Heat on April 7, 2023 at Capital One Arena in Washington, DC. (Photo by Stephen Gosling / NBAE / Getty Images / Getty Images via AFP)
Washington, DC: The Qatar Investment Authority (QIA) recently acquired a minority stake in Monumental Sports & Entertainment (MSE), a company that owns and operates seven professional and amateur team franchises, six venues, and two media networks, among additional assets. MSE is one of the most valuable sports and entertainment enterprises in the world, with one of the most diverse ownership groups in the sports industry.
As one of the largest integrated sports and entertainment companies in the country, MSE’s platform provides unique opportunities and scalability for growth and partnerships.
QIA is a shareholder in many major US companies across a range of sectors, including real estate, technology, consumer goods, and healthcare.
QIA's investment in MSE is consistent with its focus on long-term, high-value investments.
Monumental Sports’ teams include the 2018 NHL Stanley Cup Champion Washington Capitals, NBA’s Washington Wizards, WNBA’s 2019 Championship Washington Mystics, NBA G League’s Capital City Go-Go, and the 2021 & 2020 NBA 2K League Champion Wizards District Gaming and Caps Gaming, an esports sub-brand of the Capitals. MSE is also a co-owner of aXiomatic, which has a controlling interest in the global esports franchise Team Liquid.
MSE also acquired NBC Sports Washington (NBCSW) in 2022 and rebranded it as Monumental Sports Network, which is the exclusive local TV rightsholder for Washington Wizards’, Washington Capitals’, and Washington Mystics’ games.
The company is also the TV and digital home for the NBA G League's Capital City Go-Go and the NBA 2K League's Wizards District Gaming. Its properties also include Caps Radio, Wizards Radio, an in-house video content creation studio dubbed Monumental Productions, and Out-Of-Home broadcast boards, Monumental Outdoors.
MSE owns and operates Capital One Arena, a 20,000+ capacity live events venue in Washington, D.C. In March this year, MSE launched 'District E Powered by Ticketmaster', a flagship venue for esports and entertainment which is considered the largest on the East Coast.
