Company type | Private |
---|---|
Industry | |
Founded | June 10, 2010 |
Founder | Ted Leonsis (Chairman and CEO) |
Headquarters | , U.S. |
Key people | (Vice chairpeople) |
Brands | |
Total assets | $6.16 billion (January 2024) |
Website | monumentalsports |
Monumental Sports & Entertainment (MSE) is an American sports and venue management company founded by Ted Leonsis in June 2010. Monumental owns and operates the NHL team Washington Capitals, the NBA team Washington Wizards, the WNBA team Washington Mystics, the NBA G League team Capital City Go-Go and the NBA 2K League team Wizards District Gaming. Other properties owned include Monumental Sports Network, Capital One Arena, EagleBank Arena, and the defunct Arena Football League (AFL) teams Washington Valor and Baltimore Brigade. Monumental is headquartered in Washington, D.C.
American businessman and senior AOL executive Ted Leonsis, who had owned the NHL team Washington Capitals since 1999, founded Monumental Sports & Entertainment on June 10, 2010, following his acquisition of the NBA team Washington Wizards and merger of Lincoln Holdings and Washington Sports & Entertainment. [1] Minority shareholders of Monumental include Laurene Powell Jobs, the Qatar Investment Authority, Jeffrey Skoll, Sheila Johnson, and Mark Lerner. [2]
In December 2023, Leonsis announced a non-binding partnership with Virginia governor Glenn Youngkin to move the Capitals and Wizards to a planned arena in Potomac Yard in Alexandria, Virginia, by 2028. [3] [4] The structure would be part of an arts and entertainment district at the site, which would include a practice facility, restaurants, an esports venue, concert hall, and a new headquarters for Monumental. [5] In March 2024, after officials in Alexandria announced that the $2 billion entertainment and sports complex plans were scrapped, Washington mayor Muriel Bowser announced a new deal to keep the Capitals and Wizards in the District until 2050. [6] In 2024, Monumental was valued by Forbes at $6.16 billion. [7]
The Washington Wizards are an American professional basketball team based in Washington, D.C. The Wizards compete in the National Basketball Association (NBA) as a member of the Southeast Division of the Eastern Conference. The team plays its home games at Capital One Arena, in the Chinatown neighborhood of Washington, D.C. an arena they share with the Washington Capitals of the National Hockey League (NHL) and the Georgetown University men's basketball team. The team is owned by Ted Leonsis through Monumental Sports & Entertainment.
The Washington Capitals are a professional ice hockey team based in Washington, D.C. The Capitals compete in the National Hockey League (NHL) as a member of the Metropolitan Division in the Eastern Conference and are owned by Ted Leonsis through Monumental Sports & Entertainment. The team initially played its home games at the Capital Centre in Landover, Maryland, before moving to the Capital One Arena in Washington, D.C., in 1997.
The Washington Mystics are an American professional basketball team based in Washington, D.C. The Mystics compete in the Women's National Basketball Association (WNBA) as a member club of the league's Eastern Conference. The team was founded prior to the 1998 season, and is owned by Ted Leonsis through Monumental Sports & Entertainment, which also owns the Mystics' NBA counterpart, the Washington Wizards. The team plays in the Entertainment and Sports Arena in the Congress Heights neighborhood of Washington DC. Sheila C. Johnson, co-founder of BET and ex-wife of Charlotte Sting owner Robert L. Johnson, is the managing partner.
Capital One Arena is an indoor arena in Washington, D.C. Located in the Chinatown section of the larger Penn Quarter neighborhood, the arena sits atop the Gallery Place rapid transit station of the Washington Metro. The arena was opened on December 2, 1997, as MCI Center but renamed to Verizon Center in 2006 when MCI was acquired by Verizon Communications and changed again to its current name in 2017.
The Washington Commandos were an arena football team based in Fairfax, Virginia. The Commandos were founded in 1987 and were an inaugural member of the Arena Football League (AFL), and were based in Landover, Maryland. After not playing during the 1988 season, the team returned for the 1989 season as the Maryland Commandos. Following the 1989 season, the Commandos moved to Fairfax, Virginia, where they once again became known as the Washington Commandos. The team never achieved much success at either of its locations, winning four games in three seasons, including a winless 1989 season.
EagleBank Arena is a 10,000-seat arena in the eastern United States, on the campus of George Mason University in Fairfax, Virginia, a suburb southwest of Washington, D.C.
Abraham J. Pollin was the owner of a number of professional sports teams including the Washington Capitals in the National Hockey League (NHL), the Washington Mystics in the Women's National Basketball Association (WNBA), and the Baltimore / Washington Bullets / Wizards in the National Basketball Association (NBA). Pollin was the longest-tenured owner of an NBA team, holding the Packers / Zephyrs / Bullets / Wizards franchise for 46 years.
Laurene Powell Jobs is an American billionaire businesswoman executive and philanthropist. She is the widow of Steve Jobs, who was the co-founder and former CEO of Apple Inc., and she manages the Steve Jobs Trust. She is the founder and chair of Emerson Collective and XQ Institute. She is a major donor to Democratic Party politicians.
Washington, D.C., has major league sports teams, popular college sports teams, and a variety of other team and individual sports. The Washington metropolitan area is also home to several major sports venues including Capital One Arena, RFK Stadium, Northwest Stadium, Audi Field, and Nationals Park.
Theodore John Leonsis is an American businessman. He is a former senior executive with America Online (AOL) and the founder, chairman, and CEO of Monumental Sports & Entertainment, which owns the NHL's Washington Capitals, the NBA's Washington Wizards, the WNBA's Washington Mystics, and Monumental Sports Network.
Sports teams in Virginia include several professional teams, but no professional major-league teams. Virginia is the most populous U.S. state without a major professional sports league franchise playing within its borders, although two of the major-league teams representing Washington, D.C.—the NFL's Washington Commanders and NHL's Washington Capitals—have their practice facilities and operational headquarters in Northern Virginia.
Dave Johnson is an American radio personality. He is the current sports director and morning sports anchor for 103.5 WTOP-FM in Washington, D.C. Johnson first arrived at WTOP in 1989; left in 1992, but returned in 1995.
Monumental Sports Network, formerly NBC Sports Washington, is an American regional sports network owned by Ted Leonsis through Monumental Sports & Entertainment. Headquartered in Washington, D.C., the channel broadcasts regional coverage of sports events throughout the Mid-Atlantic, with a focus on professional sports teams based in Baltimore and Washington, D.C., as well as sports news and entertainment programming.
MedStar Capitals Iceplex is the practice arena of the Washington Capitals of the National Hockey League. The highest ice rink above street-level in the United States, it is located on the eighth floor atop the parking garage adjoining the Ballston Quarter in the Ballston neighborhood of Arlington County, Virginia.
The Washington Valor were a professional arena football team based in Washington, D.C. that played in the Arena Football League (AFL) from 2017 to 2019. The team's home arena was the Capital One Arena. The Valor were owned by Ted Leonsis through Monumental Sports & Entertainment.
The Baltimore Brigade was a professional arena football team based in Baltimore, Maryland, that played in the Arena Football League (AFL) from 2017 to 2019. The team's home arena was the Royal Farms Arena. The franchise was owned by Ted Leonsis through Monumental Sports & Entertainment. After the 2019 season, the entire league ceased operations.
The 2017 Arena Football League season was the 30th season in the history of the Arena Football League (AFL). Prior to the start of the season, the league contracted to five teams. Due to this, for the first time since 1991, the league was not divided into conferences or divisions. The 14-game regular season began on April 7, 2017, when the two new teams, the Baltimore Brigade and the Washington Valor, faced off in the Verizon Center, and ended on August 5, 2017, when the Tampa Bay Storm lost against the Philadelphia Soul.
The Capital City Go-Go are an American professional basketball team in the NBA G League based in Washington, D.C., and are affiliated with the Washington Wizards. The Go-Go play their home games at the St. Elizabeths East Entertainment and Sports Arena. The team is owned by Monumental Sports & Entertainment.
ArenaBowl XXXI was the championship game of the 2018 Arena Football League season. The game was broadcast on CBS Sports Network, AFLNow and Twitter. It featured the fourth-seeded Washington Valor and the second-seeded Baltimore Brigade at the Royal Farms Arena in Baltimore. It was the first ArenaBowl championship for both teams as they were expansion teams in the previous season. Both teams were owned by Ted Leonsis, giving him his second league championship in six weeks following his Washington Capitals team's victory in the NHL's 2018 Stanley Cup Finals. The title sponsor for the game was Bud Light.
The 2023–24 Washington Wizards season was the 63rd season of the franchise in the National Basketball Association (NBA) and 50th in the Washington, D.C. area. This is the first season since 2011–12, where the team entered the season without Bradley Beal, who was traded to the Phoenix Suns during the off-season. The Wizards became the fifteenth team in NBA history to record a winless month, going 0–12 in February. They finished with a franchise worst 15–67 record.
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