Monumental Sports & Entertainment and Comcast have announced MSE will acquire 100% of NBC Sports Washington, taking over NBC’s 67% stake in the company.
“We at Monumental Sports & Entertainment are incredibly excited to have reached an agreement to acquire NBC Sports Washington, an important business for our current and future core business operations,” said Zach Leonsis, President of Media & New Enterprises, Monumental Sports & Entertainment. “Comcast NBCUniversal has built a strong regional sports network in NBC Sports Washington. We look forward to further enhancing and innovating on the already best-in-class experience that our fanbase enjoys of watching live sports, for years to come.”
According to a press release, NBCUniversal will continue to assist in the operation of the network by providing corporate and shared services, including distribution, technical resources and production facilities, for up to 18 months.
MSE, who purchased 33% of the network in 2016, currently owns the NHL’s Washington Capitals, the NBA’s Washington Wizards, the WNBA’s Washington Mystics, the NBA G-League’s Cpaital City Go-Go. They also own and operate Capital One Arena.
NBC Sports Washington, which debuted in 1984 as Home Team Sports, has been the television home for the Capitals and Wizards since its inception.
