Saudi Arabia, through its sovereign wealth fund, muscled its way into professional golf before spending heavily to recruit soccer players, including Cristiano Ronaldo. “We make sure that we stay true to our mission and values everywhere we operate and adhere to guidance from the U.S. “That doesn’t mean we agree with every law or viewpoint where we play games or engage fans, and we condemn human rights violations wherever they occur,” Tatum said. “Playing games internationally is a critical part of our year-round efforts to engage our passionate international fans, many of whom may not otherwise experience an NBA game in-person,” Tatum said, noting the league has staged games - mostly not regular-season ones - in more than 20 countries outside the United States and Canada. “We anticipate our teams will receive continued interest from institutional investors around the world."Ĭountries in the region like Saudi Arabia, which was implicated in the gruesome murder of a U.S.-based columnist, have faced criticism that they are “sportswashing” their human rights records. “The value of NBA teams continues to grow year to year, helped by the value of live sports and the global reach of our league," Tatum said. Similar agreements in the future seem likely. The NBA confirmed that the deal has been approved. Qatar Investment Authority is buying a roughly 5% stake in the parent company of the Wizards, the NHL’s Washington Capitals and the WNBA’s Washington Mystics. Those investors would then be subject to league review and NBA Board approval. The league's board of governors decided in November 2022 "to permit passive, non-controlling, minority investments in NBA teams by institutional investors, including university endowments, foreign and domestic pension funds, and sovereign wealth funds, subject to a set of policy guidelines adopted at that time,” the NBA said in a statement. Damian Lillard's trade to Bucks sends shockwaves across NBA Twitter
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