Ted Leonsis buys stake in CSN Mid-Atlantic, sells stake in Monumental Sports Network to NBC
It’s no secret that Capitals majority owners Ted Leonsis — who also leads the ownership group that controls the Wizards, Mystics, and Verizon Center — has long wanted more control of the broadcast rights for his teams’ games. He’ll finally get it, if a new deal announced today earns approval from the NHL and NBA.
In what a joint press release called “an innovative cross-equity and leadership structure,” Monumental Sports & Entertainment (MSE) gets an ownership stake in CSN Mid-Atlantic, including representation on the network’s board of directors. The deal also extends CSN’s rights to broadcast Caps and Wizards games “well into the future.”
By Nathan Burchfiel 6 years ago
