Peter Biché: The Chief Future Officer at Monumental Sports

# Chief Future Officer: Monumental Sports & Entertainment CFO Peter Biché – Shaping Sports Empires and Driving Growth

Welcome to **Chief Future Officer**, Bloomberg’s monthly program dedicated to profiling Chief Financial Officers who play a vital role in shaping corporate strategy and positioning organizations for future challenges. In this episode, we dive into the incredible journey of Peter Biché, the CFO of Monumental Sports & Entertainment, as he shares insights into his role in driving the growth of this $4 billion sports empire led by the visionary Ted Leonsis.

From the early days of fax machines to the digital era, Monumental Sports & Entertainment has evolved and expanded since its formation in 2010. Biché sheds light on the financial intricacies involved in managing a diverse range of teams, venues, and media networks, ensuring they deliver optimal returns. As the demands on CFOs continue to escalate alongside soaring valuations, revenues, and fan expectations, Biché proves to be an essential asset in navigating this ever-changing landscape.

Drawing upon his expertise, Biché not only provides financial guidance but also plays an integral role in developing and executing strategic plans. While Leonsis adopts a growth mindset, Biché takes a more calculated approach, meticulously analyzing and running the numbers to drive sustainable expansion. Together, they push Monumental Sports & Entertainment to explore new avenues and deliver exceptional experiences in the world of sports and entertainment.

With the Washington Capitals and the Washington Wizards as monumental assets, Biché emphasizes the significance of financial management in operating these high-value teams. As player compensation becomes a major budget item, Biché’s financial acumen ensures the organization stays aligned with the league’s salary cap restrictions, enabling the focus to remain on other critical aspects of the business.

Beyond managing salaries, Biché sheds light on the key financial considerations that dominate his daily thoughts. Capital projects and funding strategies take center stage, with a focus on striking the right balance between leveraging resources, finance, and operational efficiencies. Owning and operating Capital One Arena, Monumental’s flagship venue, provides nimbleness and control in navigating through challenging times, as experienced during the pandemic.

Celebrating the resurgence of live sports and entertainment, Biché highlights the evolving ticket pricing landscape. Dynamic pricing has revolutionized the way seats are priced, with fluctuations driven by demand and various factors. Monumental’s commitment to maximizing revenues extends beyond traditional avenues, as demonstrated by their recent acquisition of full Equity ownership of NBC Sports Washington.

Join us in this captivating episode of **Chief Future Officer**, as we explore Peter Biché’s remarkable journey and gain valuable insights into the world of sports business and finance.

**Connect with Bloomberg:**
Twitter: [@business](https://twitter.com/business)
Facebook: [bloombergbusiness](https://www.facebook.com/bloombergbusiness)
Instagram: [bloombergbusiness](https://www.instagram.com/bloombergbusiness/)

*Keywords/Tags associated with the video: Betting, Competitiveness, ESports, Gambling, Gaming, Hockey, Kailey Leinz, Madison Square Garden, Monumental Sports & Entertainment LLC, NBA, NHL, Sports, Sports Business, Sports News, Sports betting, Sportsbook, Ted Leonsis, Tickets, WNBA, Washington Capitals, Zach Leonsis, basketball, budgets, Capital One, Washington DC, Washington Wizards, women*

*Source: [Bloomberg](http://www.bloomberg.com)*

Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. Bloomberg’s monthly program, Chief Future Officer, profiles these leaders and explores the impact they’re making on their companies and industries. This episode focuses on Monumental Sports & Entertainment CFO Peter Biché, who discusses his role in the growth of the $4 billion sports empire headed by Ted Leonsis.
——–
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
——–
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/