KPMG’s world-renowned strategic advisory team to guide Monumental at critical juncture in its business development as the company transforms and expands Capital One Arena
WASHINGTON, DC (September 24, 2024) – Today, Monumental Sports & Entertainment (MSE) announced a new strategic partnership with KPMG LLP, a U.S. audit, tax and advisory firm. KPMG serves as the organization’s official consulting and advisory partner, expanding its role from the two firms’ existing partnership. Under the new relationship, KPMG will leverage the organization’s capabilities in creating value from innovation to help MSE redefine the future of sports by designing cutting-edge fan experiences, tech-enabled venue operations and community activation. This multi-year collaboration will span Monumental’s enterprise.
KPMG will play a key role in enhancing both the fan experience and community impact of the current Capital One Arena, home to the Washington Capitals (NHL) and Washington Wizards (NBA). KPMG will also lead the arena’s extensive technology transformation and modernization, as well as the expansion of Monumental’s business and hospitality operations in downtown Washington, DC.
“There has never been a more important time for our company as we embark on a once-in-a-lifetime opportunity to transform Capital One Arena into an iconic sports and entertainment hub in the heart of our nation’s capital, while setting our entire business up for sustained growth and innovation,” said Jim Van Stone, president of business operations and chief commercial officer for Monumental Sports & Entertainment. “KPMG’s unmatched expertise in disruptive innovation and improving the communities we serve will play a central role in leading Monumental into the future, redefining the experience for all fans who visit this new vibrant entertainment district and elevating the cultural and economic landscape of Downtown DC.”
Monumental’s expanded relationship with KPMG will reimagine the entire fan experience and itinerary for every guest visiting Capital One Arena. KPMG will also be building a world-class technology platform to deliver unique, planned and streamlined experiences to fans in person or at home.
“KPMG has always been passionate about the world of sports and its transformative power, and we pride ourselves on our ability to anticipate and adapt to the ever-changing landscape of sports,” said Sean Quill, KPMG’s national sports industry leader. “The future of fan experience lies in embracing technology to foster memorable moments, drive engagement and enhance the experience. Our expanded relationship with Monumental Sports & Entertainment represents an exciting opportunity for both organizations to work together and leverage our collective strengths.”
Washington DC is home to some of the world’s leading business and technology companies, and Monumental Sports & Entertainment’s team and facilities serve as a shared platform for its most forward-thinking leaders. The agreement will enable KPMG to serve as the presenting partner for a multi-year content series focused on Capital One Arena’s transformation, leveraging a range of domestic media outlets – notably Monumental Sports Network (MNMT) and the team’s digital network – as well as partnership rights with NBA International Team Marketing to share the story of the fan experience transformation internationally.
MSE has had a KPMG Ignition Center located within Capital One Arena’s Arena Suite since 2022. The first-of-its-kind “Business Suite” is equipped with the latest technology and serves as a 365-day-a-year meeting place for KPMG and its clients to collaborate and solve business problems at any time, regardless of the arena’s event schedule. Today’s announcement builds on that foundation of innovation and represents a new phase in rethinking fan experience and venue operations with technology. For more information about KPMG’s Sports Industry Practice, please visit Visit.KPMG.US/Sports.
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Monumental Sports & Entertainment
Monumental Sports & Entertainment is America’s leading sports and entertainment family. Our people, players, teams and events bring excitement and joy to millions. We are constantly investing and innovating to elevate the game so we can deliver amazing experiences that inspire and unite our communities, fans and employees. Learn more at monumentalsports.com.
About KPMG LLP
KPMG LLP is the U.S. entity of the KPMG global organization, which is made up of independent professional services firms providing audit, tax, and advisory services. The KPMG global organization operates in 143 countries and territories with more than 273,000 employees working in member firms worldwide. Each KPMG firm is a separate legal entity and represents itself as such.
KPMG is widely recognized as a great place to work and build a career. Our people share a common purpose in their work and are passionate about community service, inclusion and diversity, and ending childhood illiteracy. Learn more at kpmg.com/us.
