SBD/Issue 211/Sports Industrialists

Leonsis Formally Taking Over As Chair & CEO Of Monumental

Leonsis To Lead Monumental Sports &
Entertainment As Chair & CEO

TED LEONSIS today is expected to "formally announce he is taking over" as Chair & CEO of Monumental Sports & Entertainment, which owns the Capitals, Wizards and WNBA Mystics, according to Thomas Heath of the WASHINGTON POST. Leonsis will have offices at the Verizon Center and at the Kettler Capitals Iceplex. DICK PATRICK will serve as Monumental COO, reporting to Leonsis, in addition to “keeping his job as president of the Capitals.” Patrick will “run most of the revenue-generating groups at Monumental, overseeing the combined ticket, sponsorship and premium seating sales organizations.” RANDALL BOE will report to Leonsis as Exec VP for Corporate Operations, with “responsibility for human resources and the legal departments.” GREGG BIBB will serve as Exec VP for Basketball Business Operations for the combined Wizards/Mystics organization.  PETE BICHE is staying on as CFO and “will report directly to Leonsis.” Sponsorship sales will be led by JOHN GREELEY. The “newly consolidated ticket sales organizations” for the Capitals, Wizards and Mystics will be led by JIM VAN STONE, who will report to Patrick. RICK MORELAND will lead the luxury suite and sales group, GARY HANDLEMAN will continue to lead facilities management and MIKE BOWIE will continue to head up the engineering department. Leonsis said that Monumental’s MIKE KELLY will “assess the Ticketmaster business and begin planning for the future.” Capitals VP/Communications KURT KEHL will become Monumental’s VP/Corporate Communications (WASHINGTON POST, 7/19). 

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