Abu Dhabi Fund Bets Big on Sports Empire with $10B Investment
Summary
Abu Dhabi's sovereign wealth fund Mubadala made a $10 billion bet on sports empire TWG Global, gaining stakes in top franchises like the LA Dodgers, LA Lakers, and Chelsea FC through TWG's $15 billion equity raise, marking a major investment in the global sports industry.
Key Points
- Mubadala, Abu Dhabi's sovereign wealth fund, invested $10 billion in TWG Global's $15 billion equity raise.
- TWG Global, led by Mark Walter and Thomas Tull, invested $2.5 billion for a 5% stake in Mubadala Capital.
- The deal gives Mubadala exposure to TWG's partnerships and holdings in sports franchises like the LA Dodgers, LA Lakers, and Chelsea soccer club.