KPMG’s world-renowned strategic Advisory team to guide Monumental during critical period of business development, as organization transforms Capital One Arena and grows business operations
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Washington, D.C. (September 24, 2024) – Today, Monumental Sports & Entertainment (MSE) unveiled a new strategic partnership with KPMG LLP, U.S. audit, tax, and advisory firm, as the organization’s Official Consulting & Advisory Partner, an expanded role from the existing partnership between the two companies. Under the new relationship, KPMG will employ their organization’s capabilities for driving value from innovation to help MSE redefine the future of sports by designing a leading-edge fan experience, tech-enabled venue operations, and community revitalization. The multi-year collaboration will be across the entire Monumental enterprise.
KPMG will play a major role in both enhancing 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 guide the wide-ranging technology transformation and modernization of the arena and expansion of Monumental’s business and hospitality operations in downtown Washington, D.C.
“There has never been a more pivotal time for our organization, as we embark on the opportunity of a lifetime to transform Capital One Arena into an iconic epicenter of sports and entertainment in the heart of the nation’s capital and set up our overall business for sustained growth and innovation,” said Jim Van Stone, President of Business Operations and Chief Commercial Officer at Monumental Sports & Entertainment. “KPMG’s unmatched expertise in disruptive innovation and bettering the communities they serve will play a central role in leading Monumental into the future, redefining the fan experience for all visitors to this new vibrant entertainment district and enhancing the cultural and economic landscape of downtown D.C.”
Monumental’s expanded relationship with KPMG will involve reimagining the entire fan experience and journey for all guests who come through Capital One Arena’s doors. KPMG will also establish a world-class technology platform to deliver unique, planned, and streamlined experiences to the fan—both in person and at home.
“KPMG has always been passionate about the world of sports and the transformative power it holds, and we take pride in our ability to anticipate and adapt to its ever-evolving landscape,” said Shawn Quill, National Sports Industry Leader at KPMG. “The future of the fan experience lies in cultivating unforgettable moments, fostering engagement, and embracing technology to enhance the experiential value. This expansion of our relationship with Monumental Sports & Entertainment presents an incredible opportunity for both organizations to collaborate and leverage our collective strengths.”
Washington, D.C. hosts leading business and tech companies from around the world, and Monumental Sports & Entertainment’s teams and properties serve as shared platforms for the most forward-thinking leaders. Not only will this agreement allow KPMG to utilize a variety of media domestically – most notably Monumental Sports Network (MNMT) and team digital networks – as a presenting partner of a multi-year content series highlighting the Capital One Arena transformation, but the NBA International Team Marketing partnership rights allow the fan experience transformation story to be shared internationally.
Since 2022, MSE has hosted a KPMG Ignition Center within an arena suite at Capital One Arena. The first-ever ‘business suite’ is equipped with the latest technology and serves as a 365-days-a-year meeting place for KPMG and its clients to collaborate and solve business problems together, at any time of the day, regardless of the arena’s event schedule. Today’s announcement builds upon that foundation of innovation and represents a new phase of reimagining the fan experience and tech-enabled venue operations. For more information on KPMG’s Sports Industry Practice, go to 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 invest and innovate to consistently raise the game so we can deliver extraordinary experiences that will inspire and unite our community, our fans, and our people. To learn more, please visit monumentalsports.com.
About KPMG LLP
KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 143 countries and territories and has more than 273,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity and eradicating childhood illiteracy. Learn more at kpmg.com/us.