Monumental Sports & Entertainment
| Company type | Private |
|---|---|
| Industry | Sports management, venue management |
| Founded | June 10, 2010 |
| Founder | Ted Leonsis |
| Headquarters | Washington, D.C. , United States |
Key people | Ted Leonsis (Founder) |
| Products | Professional sports teams, sports venues, esports teams, regional sports broadcasting |
| Owner | Ted Leonsis (majority), minority investors including Laurene Powell Jobs, Qatar Investment Authority, Jeffrey Skoll, Sheila Johnson, Mark Lerner |
| Website | www |
Monumental Sports & Entertainment (MSE) is a United States-based company specializing in sports management and venue management, established by Ted Leonsis in June 2010. The organization owns and operates several professional teams, including the NHL's Washington Capitals, the NBA's Washington Wizards, the WNBA's Washington Mystics, the NBA G League's Capital City Go-Go, and the NBA 2K League's Wizards District Gaming. Its portfolio also includes assets such as Monumental Sports Network, Capital One Arena, and EagleBank Arena, along with former Arena Football League franchises Washington Valor and Baltimore Brigade. The company is headquartered in Washington, D.C. and holds assets valued at $7.84 billion.
History
Entrepreneur and former AOL executive Ted Leonsis, who has owned the Capitals since 1999, founded Monumental Sports & Entertainment on June 10, 2010. This followed his acquisition of the Wizards and the consolidation of Lincoln Holdings with Washington Sports & Entertainment. Notable minority investors comprise Laurene Powell Jobs, the Qatar Investment Authority, Jeffrey Skoll, Sheila Johnson, and Mark Lerner.
In December 2023, Leonsis revealed a tentative agreement with Virginia governor Glenn Youngkin to move the Capitals and Wizards to a newly planned arena in Alexandria’s Potomac Yard by 2028. The proposed $2 billion development was designed to include an arts and entertainment district, practice facilities, dining options, an esports venue, a concert hall, and Monumental's future headquarters. Nevertheless, after Alexandria officials canceled the project in March 2024, Washington D.C. mayor Muriel Bowser negotiated a deal ensuring both teams would remain in D.C. through 2050. As of July 2025, CNBC appraised Monumental’s value at $7.84 billion.
Brands and properties
- Washington Capitals, team competing in the National Hockey League (NHL)
- MedStar Capitals Iceplex, dedicated practice center
- Caps Gaming, professional esports team
- Washington Wizards, franchise in the National Basketball Association (NBA)
- Capital City Go-Go, affiliated team in the NBA G League
- Wizards District Gaming, participant in the NBA 2K League
- Washington Mystics, competitor in the Women's National Basketball Association (WNBA)
- Former Arena Football League (AFL) teams:
- Capital One Arena, home venue for the Capitals and Wizards
- District E, dedicated esports facility
- DC Kitchen + Bar by chef Guy Fieri, dining establishment
- EagleBank Arena, event venue located on the campus of George Mason University
- Regional sports broadcaster: Monumental Sports Network