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Monuments are not built in a day. Ted Leonsis laid the foundation for his sports empire in a

different era. When I first bought the Washington Capples, no one had computers.

It was a fax generated. It just faxes with me. I went all over the place.

As analog gave way to digital, monumental sports and entertainment took form.

In 2010, Leonsis bought the Washington Wizards, along with DC's downtown sports arena.

Since then, monumental has added teams, opened more venues, invested in new ventures,

and broadened its reach with media networks. Financially, it's a whole new ball game.

We need very sophisticated financial management to make sure we're getting the right yield.

Make sure we're not too far over our skis in terms of cash investment.

The demands on the CFO have heightened as the stakes have increased.

The valuations have increased. The revenues have increased. The demands by the fans have increased.

The executive Leonsis Trust to meet these demands is Peter Bichet. He's been monumental CFO

from the very beginning. The CFO role is the only one you've had here. You essentially

defined created that position. I suppose some might say it's a dead-end job. I've been CFO

forever with absolutely no advancement or title change. Bichet serves as CFO of the capitals,

the Wizards, and the entire group of teams, facilities, and networks monumental

loans and operates. He's instrumental to an enterprise currently valued at over $4 billion dollars.

It's gotten larger. A lot more zeros on the numbers I deal with than have it may have been the case

in the past. And so the pressures financially are different. Peter's like a partner and not only

...