Search Results - Leonsis , Ted

Ted Leonsis

Theodore John Leonsis (born January 8, 1957) 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.

Leonsis graduated from Georgetown University in 1977. He has served on the board of directors at Georgetown University and also served a brief tenure as the mayor of Orchid, Florida. , he held a net worth of $2.8 billion.

As CEO of Monumental Sports, he has threatened to move his teams out of Washington, D.C., in a bid to secure public money for his company. In 2023, Virginia governor Glenn Youngkin agreed to give the company $1.35 billion—the largest public stadium subsidy of its kind—to move the Wizards and Capitals to Alexandria, Virginia. Virginia state and local politicians rejected the proposed deal. Provided by Wikipedia