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 used the threat of leaving Washington, D.C. to demand that District of Columbia taxpayers subsidize the operations of his D.C.-based teams. In 2023, Lenosis entered into an agreement with Virginia governor Glenn Youngkin to relocate the Washington Wizards and Capitals from the District of Columbia to Alexandria, Virginia at a proposed cost of $1.35 billion for Virginia taxpayers. However, Virginia state and local politicians rejected what would have been the largest public stadium subsidy of its kind. Provided by Wikipedia