- Monumental Sports named Zach Leonsis president and vice chairman, a newly created role
- Ted Leonsis stays on as CEO and keeps sole decision-making authority over the teams
- Read below for the full leadership shakeup, including a new CFO and what Zach now runs
The Capitals have a new name near the top of the org chart, and it is a familiar one. Monumental Sports & Entertainment announced Tuesday that Zach Leonsis has been named president and vice chairman, a newly created role at the company that owns the team.
His father is staying put. Ted Leonsis remains founder, chairman, managing partner and CEO, and the release left no room to read this as a handoff. He is still the controlling owner, and he keeps sole decision-making authority for the teams.
Zach’s portfolio now covers financial operations, infrastructure and technology, venues and media. He had been president of media and new enterprises. He also stays on as alternate governor for the Wizards with the NBA and the Mystics with the WNBA.
Eben Novy-Williams of Sportico asked Zach how the new job sits next to his father’s, and he drew the line himself:
“My father is still CEO and sets the day-to-day high-level vision and the long-term vision, but this is an opportunity [for me] to complement and support him and take on a broader set of responsibilities.”
There are real numbers behind the restructure. Ted Leonsis told employees in a letter Tuesday that Monumental expects almost $750 million in revenue in fiscal 2027, and that he believes the company can clear $1 billion inside two years.
Venues is the loudest piece of that portfolio right now. Capital One Arena is deep into a renovation that includes the new ‘Visibowl’ seating setup, and MSE put out a construction update last week showing finished suites, a new entrance and crews clearing the bowl. Take a look:
Grant Hastings moves up on the finance side, going from senior vice president of new enterprises to chief financial officer.
Steve Miller is on his way out of that job. He joined MSE in September 2025 and is leaving for personal reasons, and he will stay on in an advisory role through the end of 2026. Jordan Silberman, the president of venues, picks up infrastructure and technology and now reports to Zach.
None of this is unusual for a family-run sports company. Josh Kroenke runs the Nuggets, Nick Arison is CEO of the Heat, and Michael Reinsdorf is president of the Bulls.
Ted Leonsis bought the Capitals from Abe Pollin in July 1999. Twenty-seven years later, the succession plan finally has a job title attached to it.
