Sports

Laurene Powell Jobs sells stake in Wizards ownership group to private equity firm, Qatari sovereign wealth fund

December 17, 2025

Laurene Powell Jobs is selling her minority stake in Monumental Sports & Entertainment, which owns several professional sports teams including the NBA's Washington Wizards, to Arctos Partners and the Qatar Investment Authority. The deal, expected to be announced soon, does not disclose the specific portions of her stake that each buyer will acquire.

Credit: Yahoo

Key Highlights

Laurene Powell Jobs is selling her stake in Monumental Sports & Entertainment.
Buyers include Arctos Partners and Qatar Investment Authority.
She has owned a minority share since 2017.
Monumental owns the Washington Wizards, Mystics, Capitals, and other entities.
Details on the stake distribution between the buyers are unclear.

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Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Laurene Powell Jobs sells stake in Wizards ownership group to private equity firm, Qatari sovereign wealth fund

Key Highlights

Sources

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