Ted Leonsis

The Washington Capitals, Alex Ovechkin, and the Promise Strategy

In December, ESPN’s Greg Wyshynski spoke to Washington Capitals principal owner, Ted Leonsis, about the future of the team. Leonsis was clear: the Caps are not rebuilding.

“We’re not going to rebuild the team [while Alex Ovechkin is here],” Leonsis told Wyshynski. “To me a rebuild is when you look the players, the coaches, the fans in the eye and say ‘we’re gonna be really, really bad.’ And if we were really, really bad, I don’t think Ovechkin would break the record.”

I think that quote perfectly encapsulates Washington’s strategy, which we’ve seen enacted in recent weeks. And we’ll see it much more starkly this summer. I call this strategy the Promise Strategy.

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By Peter Hassett 3 weeks ago

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Ted Leonsis proposes a new line for the Capitals: Alex Ovechkin – Nicklas Backstrom – Sergei Ovechkin

The day after Sergei Ovechkin won the Breakaway Challenge at the 2023 NHL All-Star Skills Competition, Capitals owner Ted Leonsis is getting ideas. And by ideas, we mean, ways to make the Caps a gr8 team for decades to come.

On Twitter, a proud Leonsis said of Sergei’s accomplishment, “What a great night at the #NHLAllStar Skills Competition,” he wrote. “I think Ovi Jr is ready! Alex on the left, Sergei on the right, Nick in the middle!”

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By Ian Oland 2 months ago

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Ted Leonsis lands on Forbes cover for creating one of the most valuable sports empires in the world

Washington Capitals owner Ted Leonsis landed on the cover of Forbes Daily highlighting his huge year in 2022.

Forbes published top 25 list of the most valuable sports empires in the world.

Leonsis made the list ranked number 20 through the Washington, DC sports powerhouse that is Monumental Sports & Entertainment. Ted is the founder, principal partner, and CEO of MSE which Forbes values at an estimated $4.51 billion.

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By Chris Cerullo 2 months ago

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Billionaire Jeff Skoll becomes minority investor in Ted Leonsis’s Monumental Sports & Entertainment

Ted Leonsis’s Monumental Sports & Entertainment is growing. Tuesday, the company announced its latest investor.

Billionaire Jeff Skoll has partnered with MSE.

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By Ian Oland 4 months ago

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The Washington Capitals are the ninth most valuable franchise in the NHL

Sportico, a resource for sports business news, came out with its valuations of every NHL franchise on Thursday. The Washington Capitals have become one of the most valuable franchises in the NHL under owner Ted Leonsis’s leadership.

The Capitals are valued as the ninth-most valuable franchise at $1.22 billion after coming in at eighth last year ($1.17 billion).

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By Chris Cerullo 5 months ago

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Report: Ted Leonsis’ group emerges as front-runner to buy the Washington Nationals

The Athletic is reporting that Ted Leonsis has emerged as the “front-runner” to buy the Washington Nationals and has been so for “the last month or so.”

This news comes after Leonsis joined forces with billionaire David Rubenstein, co-founder of the Carlyle Group, to aggressively try and acquire the team.

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By Ian Oland 5 months ago

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MSE completes acquisition of NBC Sports Washington, network re-brand set for 2023-24 seasons

Monumental Sports & Entertainment (MSE) announced on Tuesday the closing of its acquisition of NBCUniversal’s stake in NBC Sports Washington from Comcast Corporation. The closure means MSE has fully acquired NBC Sports Washington — the TV rights holder of Washington Capitals and Washington Wizards games. MSE is majority owned by Ted Leonsis.

MSE previously held just 33 percent of the media company after first buying-in six years ago. The specific financial terms of the acquisition have not been disclosed.

As reported back in late August, the purchase now gives MSE the option of building a potential powerful streaming platform and more power to shape the primary coverage of its own sports teams.

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By Chris Cerullo 6 months ago

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How Ted Leonsis buying the Washington Nationals could create an unprecedented local sports network

Monumental Sports & Entertainment chairman, Ted Leonsis, is in the process of creating an empire unrivaled across the sports landscape.

Leonsis, who already owns the Washington Capitals, Washington Wizards, Washington Mystics, and Capital City Go-Go franchises, is looking into making a serious bid to land the Washington Nationals along with partner David Rubenstein. MSE is also in the process of fully purchasing NBC Sports Washington with the intention of creating a one-of-a-kind streaming platform in the future.

If the former America Online senior executive is successful in his bid to buy the Nats, he’ll become the only sports owner to own three ‘Big Four’ (NFL, NBA, MLB, NHL) teams in one city.

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By Chris Cerullo 7 months ago

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Report: Ted Leonsis would consider buying Orioles if they ever come up for sale

Monumental Sports & Entertainment chairman, Ted Leonsis, is making moves that could have huge ramifications for the DMV sports world long term.

Now comes a report from Bloomberg that Leonsis and Rubenstein, who is a Baltimore native, would “consider” purchasing the Orioles if they ever up come up for sale.

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By Ian Oland 7 months ago

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Billionaire David Rubenstein reportedly joins Ted Leonsis’s group to buy Washington Nationals

Ted Leonsis’s bid to potentially buy the Washington Nationals is getting stronger by the day.

The Washington Post reported Tuesday that Leonsis was deep in the running for owning DC’s baseball team. Now he’s putting an all-star ownership group together.

The Washington Business Journal is reporting that David Rubenstein, co-founder of the Carlyle Group, is joining forces with the Monumental Sports & Entertainment chariman to acquire the team.

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By Chris Cerullo 7 months ago

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