Billionaire Jeff Skoll becomes minority investor in Ted Leonsis’s Monumental Sports & Entertainment


Ted Leonsis’ Monumental Sports & Entertainment continues to grow. On Tuesday, the company announced its latest investor.

Billionaire Jeff Scholl Working in cooperation with the Ministry of Education and Culture.

“We are pleased to announce Jeff Skoll as the newest minority investor in Monumental Sports & Entertainment,” wrote Ted Leonsis. “Jeff is a longtime friend, philanthropist and social entrepreneur. Jeff is the latest investor in our growing platform, which includes the Washington Capitals, Wizards, Mystics, Go-Go, Capital One Arena, NBC Sports Washington RSN, and our esports teams and investments. Welcome Jeff!”

Recently, Leonsis Completed acquisition of NBC Sports Washington, The Washington Nationals are reportedly the frontrunners to buy the team in a group with billionaire David Rubenstein.

Lauren Powell Jobs, widow of Steve Jobs In 2017, the shares of MDB were bought.

Skoll was born in Montreal and graduated from the University of Toronto in 1987. He made his fortune in 1995 as eBay’s first full-time employee and president. billion. Skoll currently has a net worth of $4.3 billion According to Forbes. He is currently the 636th richest person on the planet and the seventh richest person in Canada.

The production company was also founded by philanthropist Skoll Participatory media very successful.

For Wikipedia:

The company has produced, financed or co-produced more than 100 films. The films have been nominated for 73 Academy Awards and won 18 awards, including Green Book and Best Picture.

Skoll’s early films Syria, Good evening and good luck, Northern countryand Killer bomb– — Nominated for 11 Oscars in 2006.

Skoll also founded Capricorn Investment Group in 2000 “to demonstrate that it is possible to make profitable investments while driving sustainable, positive change.” Per Crunchbase.

Capricorn In 2006, he invested in Tesla. On TwitterIn July 2022, Skoll called Elon Musk a “dear friend” and “colleague” to be “treasured.”

Skoll currently lives in Palo Alto, California He was one of Joe Biden’s biggest donors in 2020.

Here is the full release from the MSE.

Monumental Sports & Entertainment has announced Jeff Skoll as the newest partner in the ownership group

Skoll is the latest investor in a growing platform that includes the Washington Capitals, Wizards, Mystics and Capital One Arena.

Washington DC – Monumental Sports & Entertainment (MSE) today announced Jeff Skoll as the newest minority investor in the ownership group that owns and/or operates multiple team franchises, arenas and media organizations, including the recent acquisition of NBC Sports Washington. It is a fast-growing platform and is on track to become one of the most valuable sports and entertainment enterprises in the world.

Skoll was eBay’s first full-time employee and first president, and he developed the company’s initial business plan and orchestrated its successful public offering. A philanthropist and social entrepreneur, Jeff works to create a sustainable world of peace and prosperity.

As founder of the Jeff Skoll Group, Jeff has created an innovative portfolio of charitable and commercial organizations including the Skoll Foundation, Capricorn Investment Group and Participant. Jeff is also the founder of The Rise Fund, a global impact fund that invests in entrepreneurial companies.

Skoll joined Giving Pledge in 2010 and has received numerous global honors, including the Carnegie Medal for Philanthropy and the Jefferson Award: S. Roger Horchow Award for Excellence in Public Service by a Private Citizen. He was appointed an Officer of the Order of Canada in 2012.

Skoll joins a group of exclusive partners as the newest member of an ownership group led by Ted Leonsis, founder, chairman, principal owner and CEO of Monumental Sports & Entertainment.

Based in Washington, D.C., Monumental Sports & Entertainment is one of the most diversified affiliate groups in all of sports and one of the largest integrated sports and entertainment companies in the country. 2018 NHL Stanley Cup Champion Washington Capitals NBA Washington Wizards 2019 WNBA Championship Washington Mystics NBA G League Capital City Go-Go 2021 and 2020 NBA 2K League Champions Capital Wizards owns and operates six professional sports teams. Gaming, an esports sub-brand of Capitals.

In September 2022, MLB acquired full ownership of NBC Sports Washington (NBCSW) from NBCUniversal and now holds the exclusive local television media rights to Capitals and Wizards games. MSE also owns Monumental Sports Network (MSN), the first regional sports network for digital, mobile and premium platforms launched in 2016. In addition to NBCSW and MSN, it is the media arm of the MSE platform. Includes Caps Radio, Wizards Radio, Monumental Productions (an in-house video content creation studio) and Monumental Outdoors (an out-of-home broadcast panel).

MDB is also a co-owner of aXiomatic, which owns a controlling interest in global esports franchise Team Liquid, and owns and operates Capital One Arena, a 20,000+ capacity live event venue in Washington, DC, under the MDB umbrella. /or managed areas. MSE also manages the Capitals’ state-of-the-art training facility, MedStar Capitals Iceplex, and EagleBank Arena on the campus of George Mason University.

In partnership with the District of Columbia and Events DC, MSE helped develop the Entertainment & Sports Arena (ESA) sports and entertainment facility in Southeast DC on the East Campus of St. Elizabeth. At ESA, the MSE operates the MedStar Health Performance Center, a training center for the Wizards, Go-Go and Mystics. ESA’s 4,200-seat stadium also serves as the home of the Mystics and the Go-Go’s.

In July 2020, MLS partnered with Caesars Entertainment (formerly William Hill) at Capital One Arena to launch Caesars Sportsbook, MLS’ first William Hill sportsbook.

Also in January 2022, MSE announced the opening of Ticketmaster-powered Zone E, which is expected to open in the first quarter of 2023. This premier sports and entertainment venue will be the largest on the East Coast. The 14,000-square-foot live performance theater offers a 365-day-a-year, immersive esports, music, event programming and community experience, as well as pre- and post-event activations for Capitals and Wizards fans. game or event. The arena will attract hundreds of people to individual events, offer exceptional dining experiences, and create the premier tournament and training arena for the MLB esports franchises it owns, operates and invests in: Wizards District Gaming, Caps Gaming and Team. Liquid.

MDB was advised by McDermott Will & Emery in connection with the investment transaction.

About Monumental Sports & Entertainment

Monumental Sports & Entertainment is one of America’s leading sports and entertainment families. Our people, players, teams and events bring excitement and joy to millions of people. We invest and innovate to constantly improve the game to deliver extraordinary experiences that inspire and unite our communities, fans and people. To learn more, visit monumentalsports.com.

Header photo: Ian Oland/RMNB





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