Monumental Sports & Entertainment

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D.C. Mayor Muriel E. Bowser on the court before signing an agreement with Monumental Sports & Entertainment chief executive Ted Leonsis that would keep the Wizards and Capitals at Capital One Arena in Washington D.C. until 2050, March 27, 2024. (Photo by Jack Sabatini)

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D.C. Mayor Muriel E. Bowser on the court before signing an agreement with Monumental Sports & Entertainment chief executive Ted Leonsis that would keep the Wizards and Capitals at Capital One Arena in Washington D.C. until 2050, March 27, 2024. (Photo by Jack Sabatini)

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Monumental Sports & Entertainment chief executive Ted Leonsis and D.C. Mayor Muriel E. Bowser shaking hands after signing an agreement that would keep the Wizards and Capitals at Capital One Arena in Washington D.C. until 2050, March 27, 2024. (Photo by Jack Sabatini)Monumental Sports & Entertainment chief executive Ted Leonsis and D.C. Mayor Muriel E. Bowser signing an agreement that would keep the Wizards and Capitals at Capital One Arena in Washington D.C. until 2050, March 27, 2024. (Photo by Jack Sabatini)

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Alexandria City Mayor Justin Wilson, Monumental Sports & Entertainment CEO Ted Leonsis, and Virginia Governor Glenn Youngkin during a press conference announcing plans to build an entertainment district, which would include a new sports arena for the Wizards and Capitals, at Potomac Yards in Alexandria, VA, December 13, 2023 (Photo by Billy Sabatini/All-Pro Reels)

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Alexandria City Mayor Justin Wilson, Monumental Sports & Entertainment CEO Ted Leonsis, and Virginia Governor Glenn Youngkin during a press conference announcing plans to build an entertainment district, which would include a new sports arena for the Wizards and Capitals, at Potomac Yards in Alexandria, VA, December 13, 2023 (Photo by Billy Sabatini/All-Pro Reels)

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during a press conference announcing a partnership between Monumental Sports & Entertainment to build a new sports arena at Potomac Yards in Alexandria, VA, December 13, 2023 (Photo by Billy Sabatini/All-Pro Reels)

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Matt Kelly, Chief Executive Officer at JBG SMITH, Monumental Sports & Entertainment CEO Ted Leonsis, and Virginia Governor Glenn Youngkin on stage following a press conference announcing plans to build an entertainment district, which would include a new sports arena for the Wizards and Capitals, at Potomac Yards in Alexandria, VA, December 13, 2023 (Photo by Billy Sabatini/All-Pro Reels) **FILE**

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Matt Kelly, Chief Executive Officer at JBG SMITH, Monumental Sports & Entertainment CEO Ted Leonsis, and Virginia Governor Glenn Youngkin on stage following a press conference announcing plans to build an entertainment district, which would include a new sports arena for the Wizards and Capitals, at Potomac Yards in Alexandria, VA, December 13, 2023 (Photo by Billy Sabatini/All-Pro Reels)