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 9, 2026, Chairman and CEO Theodore Leonsis reported significant roster developments for Monumental Sports & Entertainment in June, with the Washington Wizards welcoming NBA draftees, including top overall pick AJ Dybantsa and Felix Okpara, while the Capitals pursued player moves through the draft, free agency, and trades. Earlier on July 9, a U.S. House Select Committee on China asked Leonsis to cut business ties with Chinese tech giant Alibaba. This request followed the committee's earlier pressure on July 8, for Leonsis, owner of the Washington Capitals and Washington Wizards, to sever connections with Alibaba after the Pentagon designated the corporation as a “Chinese military company.” The designation, issued under Section 1260H, bars the Defense Department from entering into, renewing, or extending contracts with Alibaba starting June 30. The committee had initially sent a letter to Leonsis on July 8, requesting information regarding the nature of the partnership between Monumental Sports & Entertainment and Alibaba.
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