Sport

Laurene Powell Jobs Buying Stake In DC Sports Teams

Laurene Powell Jobs Buying Stake In DC Sports Teams”

According to the Washington Post, Jobs agreed to a deal for 20 percent of Monumental Sports & Entertainment, which owns both franchises as well as Capital One Arena.

Monumental's reported deal with Powell Jobs isn't totally out of the blue, the Post notes.

The investment puts Powell Jobs in rare company as one of the few women to have significant ownership stakes in professional sports in the U.S. She joins Jeanie Buss of the Lakers, Ann Walton of the Nuggets, and Gail Miller of the Jazz as the only female owners in the National Basketball Association. Powell Jobs is so far staying mum on the deal, which would need the green light from both the National Hockey League and NBA.

According to Forbes, Powell Jobs and her family have a net worth of $19.8 billion. The Post notes Powell Jobs hopes to parlay her sports world cachet into loftier social goals, including boosting education. She's the founder of Emerson Collective, which purchased a majority stake in Washington, D.C. -based Atlantic Media in July. She joins the Los Angeles' Jeanie Buss, Denver's Ann Walton Kroenke, Utah's Gail Miller, Anaheim's Susan Samueli, Buffalo's Kim Pegula and Detroit's Marian Ilitch as women with significant stakes in pro basketball and hockey teams. "Laurene and Ted share the same commitment to a double bottom line, that the best companies are those that do good in their communities", one source says. "The fact that these discussions are underway is itself a testament to the fact that Washington is one of the most dynamic and important regions in the country".



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