Monumental, Youngkin announce deal to move Caps, Wizards to Virginia
The owner of the Wizards and Capitals has reached a nonbinding arrangement that would move the teams from downtown D.C. to a new arena in Northern Virginia as soon as 2028, potentially upending the regional sports landscape.
Ted Leonsis, owner of Monumental Sports & Entertainment, and Virginia Gov. Glenn Youngkin (R) appeared together Wednesday at an event in Alexandria’s Potomac Yard neighborhood where the terms of the framework were detailed.
“Virginia will not only be the best place to watch hockey — to watch basketball, but it will be the best place to innovate and press the envelope in what we can do together,” Youngkin said.
No official agreement has been signed, but Youngkin said he felt confident enough in the deal to join Leonsis and others in making the public announcement.
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