Monumental Sports & Entertainment, a privately owned company based in the US, was founded in 2010 and employs approximately 750 individuals. The company operates in spectator sports, specifically through its ownership and operation of five professional sports teams. These teams include the NBA's Washington Wizards, the NBA G League’s Capital City Go-Go, the NBA 2K League’s Wizards District Gaming, the 2018 NHL Stanley Cup Champion Washington Capitals, and the WNBA's Washington Mystics.
On July 30, 2026, the National Capital Chesapeake Bay Chapter of the National Academy of Television Arts & Sciences named longtime Monumental Sports Network (MNMT) and Washington Capitals broadcasters Joe Beninati and Craig Laughlin 2026 Silver Circle honorees, recognizing their three decades of contributions to the television industry. Previously, on July 13, Monumental Sports & Entertainment owner Theodore Leonsis highlighted the ongoing redevelopment of Capital One Arena, stating that progress is underway "beam by beam" as the venue enters its next chapter. This followed Leonsis's remarks on July 9 concerning new talent for the Washington Wizards and Capitals in June, as the Wizards welcomed NBA draftees, including top overall pick AJ Dybantsa and Felix Okpara, and the Capitals pursued player moves through the draft, free agency, and trades. Earlier on July 9, the U.S. House Select Committee on China requested Leonsis cut ties with Chinese tech giant Alibaba, which the Pentagon designated a "Chinese military company."
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