Qatar bid link to NBA’s Nets
THE Qatari government’s investment fund has been linked with expanding its sporting portfolio and a possible takeover bid for NBA franchise the Brooklyn Nets.
Qatar Sports Investments already owns French Ligue 1 club Paris Saint-Germain, while the state’s investment vehicles also have interests in various other areas of the sports industry.
Owner Mikhail Prokhorov acquired majority ownership of the New Jersey Nets in May 2010, with name change following in 2012.