Washington Wizards and Washington Capitals owner Ted Leonsis, the CEO of Monumental Sports & Entertainment, is preparing to move his NBA and NHL franchises to a proposed new arena complex and entertainment district in northern Virginia, sources told ESPN on Tuesday.
The plan, expected to be unveiled at a news conference with Virginia Gov. Glenn Youngkin on Wednesday morning in Alexandria, is for the two teams to move to a massive new development in Alexandria\'s Potomac Yard neighborhood, sources said.
Via ESPN.com