Perhaps the biggest winner will be Monumental Sports
The Pegulas, the owners of the NHL’s Buffalo Sabres, have a net worth estimated by Forbes at $4.6 billion. They were the group for which football fans in Buffalo were rooting throughout the bidding process. Fans in Western New York had concerns that other bidders had thoughts of moving the team to Toronto or elsewhere.
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Md. Va. Md. Perhaps the biggest winner will be Monumental Sports CEO Ted Leonsis, who owns Capital One Arena, in addition to teams such as the Wizards, Capitals and Mystics, and has been an outspoken proponent of legalized sports betting. Because of league restrictions, Monumental would have to partner with an established gaming company to run the sports betting operation and effectively would serve as landlord to a sportsbook. Leonsis’s venture capital firm Revolution Growth has invested in DraftKings, but Monumental has not yet announced any gambling partners to date..
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