When Laurene Powell Jobs, the widow of Steve Jobs, bought 20% of Monumental Sports and Entertainment several weeks ago, that set in motion a valuation of the sports teams Ted Leonsis owns.
According to Elliotte Friedman, the Capitals were valuated at nearly 1 billion dollars.
13. It was reported a couple of weeks ago that Laurene Powell Jobs (widow of Steve Jobs) bought a 20–22 per cent chunk in Monumental Sports and Entertainment, owner of the Washington Capitals. Word is the NHL team was valuated at around $900 million (USD) in this sale. That organization’s come a long way.
That means that Powell Jobs, who is worth $14.3 billion, potentially paid around $180 million to own just one part of one organization in Leonsis’s massive sports portfolio (the Capitals). The total deal for 20% of MSE is likely hundreds of millions more.
Last season, Forbes published the current value of all NHL teams. The Capitals ranked tenth in the NHL at a current value of $575 million.
The news of the Capitals’ worth comes 35 years after the team held a Save The Caps campaign to keep the failing franchise in Washington DC.
The team, its fans, and this budding hockey community have come a long way since then.
Russian Machine Never Breaks is not associated with the Washington Capitals; Monumental Sports, the NHL, or its properties. Not even a little bit.
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