Give Ted and his new playmates full credit.
https://www.washingtonpost.com/sports/2023/11/08/wizards-capitals-qatar-ted-leonsis/
“This summer, Leonsis became the first NBA or NHL owner to take advantage of these rules, selling a 5 percent stake of Monumental Sports to the Qatar Investment Authority (QIA) for approximately $200 million. For Leonsis, it’s the ideal business relationship, and he said the Qatari fund will have no influence on Monumental’s teams.
““I don’t view QIA as partners. I view them as investors,” he said. “And I’m aligned with their investment philosophy, which is: ‘We believe in you, Ted, and Monumental management as managers, where you’re fiduciary to all of your partners to do the right things in the right way. And we are not involved.’“
And yet there might be a scintilla of a sliver of a possible chance maybe that they were in the loop more than the local citizenry up to this point.
The one sliver lining here is it is looking really possible that the Qataris could buy into US sports through Monumental, and, should that happen, I'll be very happy they're no in DC.
