Since acquiring the NHL's Washington Capitals in 1999, Ted Leonsis has built out a sports empire in Washington, D.C.

Through Monumental Sports & Entertainment, founded by the former AOL senior executive, that empire now includes the Capitals, the NBA's Washington Wizards and the WNBA's Washington Mystics, as well as the Capital One Arena and Monumental Sports Network, which airs all the teams' games in the region. All told, MSE is valued at more than $7.84 billion, according to CNBC's Most Valuable Sports Empires 2025 , ranking 19th.

However, unlike many other sports conglomerates, Leonsis and MSE have stayed focused on Washington, D.C.

Part of that logic, Leonsis explained to CNBC's Mike Ozanian at CNBC Sport and Boardroom's Game Plan conference earlier this week, is the leverage and

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