The news around Monumental Sports & Entertainment’s planned move of the Washington Wizards and Capitals to Alexandria, Va. is starting to sink in. Whether you are optimistic or pessimistic about the move, you know now that either way, Monumental Sports is planning to move the teams to Virginia.
To this point, most of the reaction around the move has been negative. But we haven’t really thought about what this move could be for the teams and perhaps professional sports as a whole in the years ahead.
I spoke with Mark Conrad, Director of the Sports Business Concentration and Associate Professor of Law and Ethics at Fordham University’s Gabelli School of Business last week about the news.