Other purchases that followed include the WNBA's Washington Mystics in 2005 for $10 million, which he called the "growth stock," and the NBA's Washington Wizards in 2010 for $310 million. "Now it’s ...

Ted Leonsis is building a sporting empire, complete with multiple teams, an arena and even a TV network. He’s eyeing expansion, but there’s one must-have for each add: a D.C. address ...

Leonsis shouted out the Wizards fans who went to the Hornets game, via X, formerly known as “Twitter.” “Great to see all the fans @CapitalOneArena enjoying the Poole party!

Leonsis did exactly that in a session with reporters Thursday, though he hoped an analogy of removing the rearview mirror from a Ferrari would keep the focus on what lies ahead. It’s a future ...

Opening Bid Unfiltered is available on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. There is being a winner in one’s business career, and then there is Ted Leonsis — arguably ...

Washington Wizards fans let their frustrations out on team owner Ted Leonsis following the team's unsavory result in the 2025 NBA Draft Lottery. Every Wizards fan knows the team was dealt the ...

WASHINGTON — Washington Capitals and Wizards owner Ted Leonsis, NBA Commissioner Adam Silver, District of Columbia Mayor Muriel Bowser and other officials celebrated the start of an $800 million ...

On March 27, Ted Leonsis signed off on a framework of a deal with the District and Mayor Muriel Bowser to keep the Wizards and Capitals playing at Capital One Arena for decades to come.

ARLINGTON, Va. -- Ted Leonsis stood on the ice amid the celebration of the Washington Capitals' first Stanley Cup championship and couldn't help thinking ahead. "I'll enjoy it for a couple of days ...

“It’s better to be about Main Street than Wall Street,” Leonsis, 68, said on the latest episode of The Deal with Alex Rodriguez and Jason Kelly. That’s what he took away from being part of ...

FILE - In this Sept. 11, 2007, file photo, Washington Capitals owner Ted Leonsis speaks during an interview in Washington. Leonsis says he offered “one of the highest prices ever paid for an NBA team” ...

When you dominate the sports market in Washington, D.C., like Monumental Sports founder Ted Leonsis, it's understandable if you're bullish on the future. "I think there is still a lot of upside in ...