Ted Leonsis Continues Efforts to Acquire MLB and MLS Teams to Expand Washington, D.C. Sports Empire
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2025
0mins
Should l Buy BX?
Source: CNBC
Ted Leonsis and Monumental Sports & Entertainment: Since acquiring the Washington Capitals in 1999, Ted Leonsis has expanded his sports empire in D.C. to include the Wizards, Mystics, and Capital One Arena, with MSE valued at over $7.84 billion, focusing on leveraging resources across teams.
Challenges in Acquiring New Teams: Leonsis has expressed interest in acquiring teams like the Baltimore Orioles and Washington Nationals but has faced challenges due to high valuations and unsuccessful negotiations, while also exploring opportunities in other sports like lacrosse and women's hockey.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 113.370
Low
166.00
Averages
176.60
High
205.00
Current: 113.370
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Executive Compensation Growth: COO Jon Gray's total compensation reached $302.6 million in 2025, up from 2024, demonstrating the company's performance-linked incentive measures aimed at attracting and retaining top talent.
- Market Performance Analysis: Blackstone's market capitalization stands at $135.39 billion, with a 27.97% decline in stock price over the past year; however, the firm reported total revenue of $14.45 billion for 2025, showcasing its resilience amid market fluctuations.
See More
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- Support Level Analysis: The $110 price point served as a crucial support level from January to June 2024, suggesting that market sentiment may allow the stock to find support again at this level.
- Investor Psychology: Many investors, regretting their previous sales, are likely to place buy orders as the stock approaches this support level, potentially creating new buying pressure that could drive the price higher.
- Historical Trends: In July 2024, Blackstone's stock rebounded from the $110 support level, demonstrating strong market interest in this price point, which may lead to a similar trend in the future.
See More
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- Iran Situation: The assassination of Iran's Supreme Leader Ayatollah Khamenei has led to a negative market response, with concerns that the Islamic Revolutionary Guard will remain in power, suggesting that international conflict may not ease, thereby increasing market uncertainty.
- Energy Stock Dynamics: Citigroup raised price targets for several energy companies, including Chevron and Exxon, reflecting market fears of supply disruptions as tankers are rerouted to avoid the Strait of Hormuz, which could lead to sustained supply issues.
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- Strategic Partnership: The partnership aims to enhance investment opportunities in the midstream sector, leveraging EQT's expertise in natural gas production.
See More
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- Blackstone Rating Upgrade: RBC Capital analyst Bart Dziarski initiated coverage of Blackstone Inc. on February 24 with an Outperform rating and a price target of $179, reflecting market confidence in its future performance, despite a 3.9% drop in share price to $113.37 on the same day.
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- Apple Payment Service Talks: Apple Inc. is reportedly in discussions with banks to launch a payment service in India, which could enhance its competitive position in emerging markets, although its shares fell 3.2% to $264.18 on Friday, reflecting short-term market volatility.
See More
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- Oil Price Surge Impact: The closure of the Strait of Hormuz due to U.S. and Israeli attacks on Iran has led to skyrocketing oil prices, which are expected to exacerbate inflation and hinder the Federal Reserve's ability to cut interest rates, posing significant obstacles to economic recovery.
- Private Equity Crisis: Private equity and private credit firms are facing a trust crisis as they are perceived as high-risk debt bearers, leading to a sharp decline in market confidence regarding their future, which could result in a wave of bankruptcies and further heighten recession risks.
- Nvidia Under Customer Pressure: Despite Nvidia reporting strong quarterly results last week, concerns over future demand have intensified as competitors Amazon and Alphabet launched cheaper chips, causing its stock price to drop from $196 to $176, reflecting investor panic in the tech sector.
- Layoff Wave Triggers Market Turmoil: Block's announcement of a 40% workforce reduction has sparked concerns about the future of the tech industry; while this move may boost stock prices in the short term, it risks losing top talent and undermining operational stability and market confidence in the long run.
See More
