Ted Leonsis

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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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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)

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Washington Capitals Chairman & Owner Ted Leonsis speaks to reporters following a press conference announcing the 2015 Bridgestone NHL Winter Classic held at Nationals Park, Washington, D.C., Tuesday, September 23, 2014. (Andrew Harnik/The Washington Times)

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Left to right: Washington Capitals Senior Vice President and General Manager Brian MacLellan, Center Nicklas Backstrom, Monumental Sports & Entertainment President Dick Patrick, Washington Capitals Captain Alex Ovechkin, NHL Commissioner Gary Bettman, Goaltender Braden Holtby, and Washington Capitals Chairman & Owner Ted Leonsis pose for photographs for the 2015 Bridgestone NHL Winter Classic held at Nationals Park, Washington, D.C., Tuesday, September 23, 2014. (Andrew Harnik/The Washington Times)

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Washington Capitals Chairman & Owner Ted Leonsis speaks during a press conference announcing the 2015 Bridgestone NHL Winter Classic held at Nationals Park, Washington, D.C., Tuesday, September 23, 2014. (Andrew Harnik/The Washington Times)

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**FILE** Ted Leonsis, second from right, Jon Ledecky, right, and Dick Patrick, left, hold up Washington Capitals jerseys at a news conference Wednesday, May 12, 1999, at the MCI Center in Washington. Wednesday, May 12, 1999, at the MCI Center in Washington Leonsis heads an investment group, including Patrick and Ledecky, which purchased the Washington Capitals NHL team from Abe Pollin, second from left, (AP Photo/Nick Wass)

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Washington Capitals owner Ted Leonsis, left, and president Dick Patrick, right, introduce new general manager Brian MacLellan, second from left, and head coach Barry Trotz, second from right, to the media at a press conference at the Verizon Center, Washington, D.C., Tuesday, May 27, 2014. (Andrew Harnik/The Washington Times)

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Washington Capitals owner Ted Leonsis and president Dick Patrick introduce new general manager Brian MacLellan and head coach Barry Trotz, pictured, to the media at a press conference at the Verizon Center, Washington, D.C., Tuesday, May 27, 2014. (Andrew Harnik/The Washington Times)

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Washington Capitals center Brooks Laich, center, talks with new head coach Barry Trotz, left, before Washington Capitals owner Ted Leonsis and president Dick Patrick introduce Trotz and new general manager Brian MacLellan to the media at a press conference at the Verizon Center, Washington, D.C., Tuesday, May 27, 2014. (Andrew Harnik/The Washington Times)

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Washington Capitals owner Ted Leonsis, left, and president Dick Patrick, not pictured, introduce new general manager Brian MacLellan, center, and head coach Barry Trotz, right, to the media at a press conference at the Verizon Center, Washington, D.C., Tuesday, May 27, 2014. (Andrew Harnik/The Washington Times)

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Washington Capitals owner Ted Leonsis and president Dick Patrick introduce new general manager Brian MacLellan, left, and head coach Barry Trotz, right, to the media at a press conference at the Verizon Center, Washington, D.C., Tuesday, May 27, 2014. (Andrew Harnik/The Washington Times)

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Washington Capitals owner Ted Leonsis, right, and president Dick Patrick, not pictured, introduce new general manager Brian MacLellan, left, and head coach Barry Trotz, second from left, to the media at a press conference at the Verizon Center, Washington, D.C., Tuesday, May 27, 2014. (Andrew Harnik/The Washington Times)