Monumental Sports and Entertainment (MSE) and Capital One announced Aug. 9 that Capital One will become the new naming rights partner for the arena in downtown Washington, which hosts over 220 concerts, shows and events a year, including the Washington Capitals, Washington Mystics, Washington Valor, Washington Wizards and Georgetown men's basketball. The partnership of these two prominent local companies underscores their deep commitment to the continued economic growth and development of Washington, D.C. where they are both headquartered, and where Monumental employs 4,000 full and part-time employees and vendors. It also reinforces the unique position that Washington, D.C. holds and the role the D.C. market plays as a center for global influence and a platform for business-to-business and business-to-government connections, offering opportunities that can't be replicated anywhere else. The arena will be called Capital One Arena beginning immediately, with the full signage and branding shift to occur in fall 2017.
"Capital One is one of the most influential local businesses in our region over the last two decades, so we couldn't be more pleased to partner with another homegrown company to create more incredible memories for sports fans, music fans, families and friends all across our region," said Ted Leonsis, Founder, Majority Owner and CEO of Monumental Sports and Entertainment. "Capital One shares our deep commitment to both economic and philanthropic investment in the larger Washington, D.C. community and we look forward to working closely with them. We are also proud today to be announcing a significant investment by Monumental Sports and Entertainment to continue improving the arena experience for every fan who comes through our doors. We want every fan's experience at Capital One Arena to be monumental."