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Theodore John Leonsis (born January 8, 1957) is an American businessman. He is a former senior executive with America Online (AOL), and the founder, chairman, and CEO of Monumental Sports & Entertainment, which owns the Washington Wizards, Washington Capitals, and Washington Mystics.
With a net worth of $2.8 billion, he is one of the wealthiest individuals in the Washington, D.C., area. As CEO of Monumental Sports, he has used the threat of leaving Washington D.C. to demand that District of Columbia taxpayers subsidize the operations of his D.C.-based teams. In 2023, Leonsis and Virginia Governor Glenn Youngkin announced an agreement whereby Virginia taxpayers would pay $1.35 billion for new stadiums for the Wizards and Capitals in Alexandria. Virginia, the largest public stadium subsidy of its kind.