Mubadala Capital acquires stake in Brazilian football league

UAE-based Mubadala Capital is the latest sovereign wealth fund from the Mena region to invest in the football business.

The firm is currently in talks to acquire a 20% stake in the Brazilian football league.

No official disclosure of the cost of the stake has been made, but Brazilian newspaper O Globo reported that Mubadala is expected to pay around US$971 million.

The news comes as Qatar prepares to host this year’s football World Cup, the first time the tournament has been based in the Middle East.

Mena-based sovereign wealth funds have also been active investors in the football industry in recent years.

Last year Saudi-based Public Investment Fund acquired English premiership club Newcastle United.

©2022 funds global mena

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