The owners of the Washington Capitals announced today that they have brought in a new partner, Raul Fernandez, a D.C. native who is the founder, chairman and CEO of an Internet consulting and development company based in Reston. Fernandez joins Ted Leonsis, Jon Ledecky and Dick Patrick in Lincoln Holdings, the partnership that purchased the team from Abe Pollin last spring.
"I'm thrilled and honored to welcome such a successful and highly regarded person and entrepreneur as Raul Fernandez to our partnership," Leonsis said in a statement. "Raul is equally committed to winning championships and working to give back to the community. He will be a true partner in every sense of the word."
Fernandez, 33, in 1991 founded Proxicom, which employs more than 600 people, has offices around North America and Europe and went public in April 1999. Fernandez will continue to run Proxicom on a full-time basis. The company is worth $2.5 billion and in 1999 Forbes magazine named Fernandez one of the 40 wealthiest Americans under age 40.
Fernandez's investment in the Capitals must be approved by the NHL.
Lincoln Holdings owns 100 percent of the Capitals and a 44 percent share of Washington Sports and Entertainment, which includes the Washington Wizards and Mystics, MCI Center, US Airways Arena and Ticketmaster Washington/Baltimore. Lincoln Holdings also holds an option and right of first refusal to acquire the remaining outstanding shares of WSE, which are owned by Pollin.
"I was born in Washington, D.C., and to be a part of a professional sports organization devoted to the people of this region is a thrill of a lifetime for me," Fernandez said. "I'm excited to work with Ted, Jon and Dick."
Before starting his high-tech career, Fernandez served as a legislative assistant to former Rep. Jack Kemp (R-N.Y.) from 1984 to 1988. He holds a bachelor's degree in economics from the University of Maryland and is on the Board of Directors of the Boys & Girls Clubs of Greater Washington.