• Loading stock data...
Wednesday, September 17, 2025

Leonsis Looks to Add Nationals to D.C. Sports Empire

  • Ted Leonsis was granted access to financial data of the Washington Nationals.
  • He already owns the Washington Wizards, Capitals, and Mystics.
ted-leonsis
Tommy Gilligan-USA TODAY Sports

Ted Leonsis could add to his Washington sports empire — with what could be the biggest piece yet.

The founder, chairman, and CEO of Monumental Sports & Entertainment was granted access to the Washington Nationals’ financial data. The Lerner family, which owns the team, said they would explore a sale in April. Forbes valued the team at $2 billion in March — 12th in MLB. 

Monumental already holds controlling stakes in the:

  • Washington Wizards 
  • Washington Capitals
  • Washington Mystics
  • Capital City Go-Go (NBA G League)
  • Wizards District Gaming (NBA 2K League)

Leonsis, of course, will face competition for the club. At least five other interested parties have met with Nats officials, including private equity billionaire Michael B. Kim and Freedom Mortgage founder Stanley Middleman.

Monumental Acquisition

On Tuesday, Monumental announced that it had agreed to acquire the media home of the Wizards and Capitals by purchasing Comcast’s stake in NBC Sports Washington

On completion of the deal, Monumental will own all of the regional sports network, which in addition to the nation’s capital broadcasts in Maryland, Virginia, and parts of Pennsylvania. It purchased a 33% stake in NBCSW in 2016.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Twins Sale Reversal Mirrors Troubling MLB Precedent

The MLB club’s situation resembles aborted sales of the Nationals and Angels.
Jan 26, 2025; Philadelphia, PA, USA; Washington Commanders quarterback Jayden Daniels (5) passes the ball against the Philadelphia Eagles during the second half in the NFC Championship game at Lincoln Financial Field.

$3.8B Commanders Stadium On Track for D.C. Approval

D.C. continues two days of public hearings on a proposed Commanders stadium.
CJ McCollum

CJ McCollum Calls NBA CBA He Helped Negotiate ‘Not Perfect’ 

McCollum was the NBA players’ union president from 2021 until June 2025. 

Commanders Restructure $3.8B Stadium Pact Ahead of Council Vote

A D.C. Council vote on the proposed stadium is now set for Aug. 1.

Featured Today

Premier Lacrosse League

‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour

In their ambitious plans, a traveling schedule is only temporary.
PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.
September 13, 2025

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
September 10, 2025

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.
Apr 11, 2025; Portland, Oregon, USA; Portland Trail Blazers guard Rayan Rupert (21) shoots a jump shot during the second half against Golden State Warriors guard Moses Moody (4) at Moda Center.

Trail Blazers Sale and Ownership Group Finalized, Now Awaiting NBA Approval

Dundon’s ownership group also includes the founders of Panda Express.
Valkyries
September 15, 2025

Valkyries Will Try to Remake Ballhalla 50 Miles Away

Golden State will try to stave off elimination in an unfamiliar environment.
September 15, 2025

Warriors $75M Pitch Fails to Sway Kuminga As Season Looms

Kuminga and his representatives want a long-term deal.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
Sep 8, 2025; Philadelphia, Pennsylvania, USA; New York Mets outfielder Juan Soto (22) runs to first base during the first inning against the Philadelphia Phillies at Citizens Bank Park.
September 12, 2025

The $339 Million Mets Are in Jeopardy of Missing the Playoffs

The Mets’ wild-card lead is 1.5 games with 15 remaining in the regular season.
Sep 10, 2025; Uncasville, Connecticut, USA; Connecticut Sun forward Aaliyah Edwards (8) fights to keep the ball in-bounds during the second half against the Atlanta Dream at Mohegan Sun Arena.
September 12, 2025

Connecticut AG Demands Documents From WNBA About Sun Sale Process

The WNBA reportedly prefers to move the team to Houston.
Mar 3, 2025; Miami, Florida, USA; Miami Heat guard Terry Rozier (2) warms up prior to the game against the Washington Wizards at Kaseya Center.
September 11, 2025

Hornets Cancel Sports Betting Night Vs. Heat Over Terry Rozier Tie-In

Terry Rozier is under federal investigation for point-shaving in a 2023 game when he was on the Hornets.
May 3, 2025; Denver, Colorado, USA; LA Clippers forward Kawhi Leonard (2) controls the ball in the first quarter against the Denver Nuggets during game seven of first round for the 2025 NBA Playoffs at Ball Arena.
September 11, 2025

Clippers Minority Owner Allegedly Invested in Aspiration to Pay Kawhi

Minority investor Dennis Wong allegedly invested in Aspiration as well.