Saturday December 9, 2023

Leonsis, Carlyle Group Co-Founder Reportedly Eyeing Nationals 

  • Ted Leonsis and Carlyle Group co-founder David Rubenstein are reportedly considering a joint bid for the Washington Nationals.
  • Leonsis already owns the Washington Wizards, Capitals, and Mystics.
Brett Davis-USA TODAY Sports
Copy Link
Link Copied
Link Copied

Ted Leonsis could add a huge piece to his Washington, D.C., sports empire.

The owner of the Washington Wizards, Capitals, and Mystics is reportedly interested in purchasing the Washington Nationals, who are considering a sale. 

Leonsis owns those teams, their home venue Capital One Arena, and a handful of other properties through Monumental Sports & Entertainment, which he founded and leads as CEO and chair.

Leonsis would reportedly team up with Carlyle Group co-founder David Rubenstein, who has a net worth of $4.1 billion, per Forbes. Leonsis has a net worth of $1.6 billion

  • The Nationals were purchased by the Lerner family for $450 million in 2006. Ted Lerner, 96, handed management of the team over to his son Mark in 2018.
  • The team is valued at $2 billion by Forbes, 12th in MLB.
  • Allen & Company, which handled the 2020 sale of the New York Mets for $2.4 billion, is conducting an exploratory process for the Nationals, who have not committed to a sale.

Sign Now, Pay Later

The Nationals have used deferred payments in major contracts and owe over $230 million to Max Scherzer, who signed with the New York Mets last offseason, and Stephen Strasburg, who is currently recovering from surgery.

The team also holds around $500 million in debt.

Copy Link
Link Copied
Link Copied

What to Read

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Lane Kiffin

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin’s interaction with the player behind lawsuit.
podcast thumbnail mobile
Front Office Sports Today

Golf World in Chaos After Jon Rahm Joins LIV


Featured Today

LSU Lady Tigers head coach Kim Mulkey reacts against the Iowa Hawkeyes during the NCAA Womens Basketball Final Four National Championship at American Airlines Center.

Who Is The Highest-Paid Women’s College Basketball Coach?

LSU rewarded Kim Mulkey after winning a national title after her second year leading the program.
The Pac-12’s Collapse Will Have Ripple Effects on College Basketball.
November 6, 2023

The Pac-12’s Collapse Will Have Ripple Effects on College Basketball

The existing Pac-12 host a college basketball season for the last time.
Favre Presley
November 3, 2023

Brett Favre Controversy Casts Shadow Over Mississippi Gubernatorial Race

Candidate Brandon Presley has made the scandal one of his talking points.
Josh Harris
November 1, 2023

Commanders Owner Josh Harris Begins Remodeling Product on the Field

The team added more draft picks ahead of what could be an offseason of change.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple Locations
Multiple Locations
Creative Artists Agency
Multiple Locations
Mark Cuban and Dallas Mavericks.

Adelson Family Freed Up $2B To Reportedly Buy Stake In Dallas Mavericks

Miriam Adelson is selling a portion of her Las Vegas Sands Corp stock.
New York Knicks executive chairman James Dolan watches during the first quarter against the Cleveland Cavaliers at Madison Square Garden.
November 22, 2023

Knicks Owner Resigns From NBA Committees Amid Lawsuit

The Knicks are suing the Toronto Raptors for $10 million.
Carolina Panthers quarterback Bryce Young hugs team owner David Tepper on the field prior to the game against the Atlanta Falcons at Mercedes-Benz Stadium.
November 27, 2023

David Tepper’s Reign Marred by Firings

Between the Panthers and Charlotte FC, Tepper has fired five head coaches.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Arizona Cardinals owner Michael Bidwill looks on against the Baltimore Ravens during the second half at State Farm Stadium.
November 1, 2023

Arizona Cardinals Owner Michael Bidwill Accused of Workplace Misconduct

Former COO Ron Minegar describes a “deep culture problem” within the organization.
Miami Marlins chief executive officer Derek Jeter watches batting practice prior to the game against the Los Angeles Dodgers at loanDepot park.
October 18, 2023

Former Miami Marlins President Says Bruce Sherman Fired Derek Jeter

David Samson told FOS that Derek Jeter failed to meet revenue goals.
Miami Marlins general manager Kim Ng looks on from the field prior to the game against the New York Mets at loanDepot Park.
October 16, 2023

Trailblazing GM Kim Ng Departs Miami Marlins

Miami reportedly considered hiring a president of baseball operations to oversee Ng.
October 11, 2023

Goodell On Track For Extension, $700M In Career Earnings

Months in development, new three-year contract again said to be close.