McDermott Will & Schulte, a global law firm

International law firm McDermott Will & Schulte represented Monumental Sports & Entertainment (MSE), one of the nation’s leading integrated sports, media, and entertainment companies, in connection with minority investments by Arctos Partners (Arctos), the only private investment firm approved to own equity in teams across all five major North American professional leagues (NFL, NBA, MLB, NHL, and MLS) and the Qatar Investment Authority (QIA).

MSE owns and operates the Washington Capitals (NHL), Washington Wizards (NBA), Washington Mystics (WNBA), Capital City Go-Go (NBA G League), and Wizards Gaming (NBA 2K League), along with local media platform, Monumental Sports Network (MNMT). MSE also operates Capital One Arena in Washington, DC and is leading an $800 million+ transformation of the arena and the adjacent downtown sports and entertainment district as part of a public-private partnership with the city.

In addition to Arctos joining MSE’s ownership group, QIA, who initially invested in MSE in 2023 in a McDermott-advised deal, increased its equity stake, consistent with the sovereign wealth fund’s focus on long-term, high-value investments.

The McDermott team was led by Tom Conaghan with invaluable assistance from Greg Berson and Eric Cunningham as well as Scott Bowman and Will Rush. Andrew Granek advised on tax matters.

Read MSE’s press release.

About McDermott’s Sports Law Group
For more than 30 years, McDermott has represented owners, investors, players, teams, and sports venues around the world in various leagues – including the Association of Tennis Professionals (ATP), Major League Baseball (MLB), Major League Soccer (MLS), National Basketball Association (NBA), National Hockey League (NHL), National Football League (NFL), and PGA TOUR – handling their most critical transactional and non-transactional matters. With legal experience ranging from individual investments in teams and the purchase and sale of franchises, to solving critical tax, real estate, intellectual property, and labor law problems, our sports lawyers leverage top-tier M&A, tax, and estate to provide a problem-solving and client-focused approach to complicated sports law matters in the rapidly evolving sports world.

Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.