Monumental Sports activities & Leisure completes acquisition of NBC Sports activities Washington – Maryland Each day File
Monumental Sports activities & Leisure (MSE) Wednesday introduced the closing of its beforehand introduced acquisition of NBCUniversal’s 67% stake in NBC Sports activities Washington from Comcast Company.
MSE, which acquired 33% of NBC Sports activities Washington in 2016, now has full possession of the regional sports activities community.
Monetary phrases of the acquisition weren’t disclosed. LionTree served as MSE’s unique monetary adviser on the transaction.
NBC Sports activities Washington is the unique native TV rightsholder for Washington Capitals and Washington Wizards video games. The community is out there all through the District of Columbia, Maryland and Virginia, in addition to components of Pennsylvania, Delaware and West Virginia. Launched as House Crew Sports activities in April 1984, the community has served because the Capitals’ and Wizards’ regional TV accomplice since its inception.
As a part of the transaction, NBCUniversal will proceed to help within the operation of the community by offering company and shared companies, together with distribution, technical sources and manufacturing amenities, for as much as 18 months. NBC Sports activities Regional Networks, a part of NBCUniversal Native, operates a portfolio of six regional sports activities networks.
NBC Sports activities Washington is predicted to retain its present identify and branding by way of the 2022-23 season. A community re-brand is anticipated for the 2023-24 Capitals and Wizards seasons.
MSE’s platform encompasses 5 skilled sports activities groups: the NHL’s Washington Capitals, the NBA’s Washington Wizards, the WNBA’s Washington Mystics, the NBA G League’s Capital Metropolis Go-Go and the NBA 2K League’s Wizards District Gaming.
As well as, MSE owns and operates Capital One Enviornment and manages the MedStar Capitals Iceplex (apply facility for the Capitals), MedStar Well being Efficiency Heart (apply facility for the Wizards, Mystics and Go-Go), and EagleBank Enviornment (dwell efficiency venue on the campus of George Mason College in Virginia).
Additional, MSE was a primary mover within the sports activities betting house, opening with Caesars Leisure the primary ever in-arena retail location in North America at Capital One Enviornment in 2020. It additionally launched a first-of-its sort regional sports activities streaming service for native and highschool sports activities and unique Capitals, Wizards and Mystics content material with Monumental Sports activities Community in 2016.