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.
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