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WASHINGTON — The NBA's Washington Wizards and NHL's Washington Capitals are staying in the District of Columbia for the long term after ownership and the city reached an agreement on a $515 million arena project.
The majority owner of the Washington Wizards and Capitals, Ted Leonsis, told a crowd in December he had "goosebumps" at the thought of moving his NBA and NHL teams from Washington to Virginia, "if all goes as planned."
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Virginia Gov. Glenn Youngkin discusses two Washington, D.C. sports teams reportedly planning on moving to his state on 'The Ingraham Angle.'
A person with knowledge of the sale says the Qatar Investment Authority is buying a roughly 5% stake of Monumental Sports & Entertainment, the parent company of the NBA's Washington Wizards, NHL's Washington Capitals and WNBA's Washington Mystics, as part of a $4.05 billion deal.
The Washington Wizards are finalizing a trade to send three-time All-Star guard Bradley Beal to the Phoenix Suns for a package expected to include Chris Paul, Landry Shamet, several second-round picks and a picks swap, sources told ESPN on Sunday.