The Washington Capitals are a professional ice hockey team based in Washington, D.C. The team competes in the National Hockey League (NHL) as a member of the Metropolitan Division in the Eastern Conference, and is owned by Monumental Sports & Entertainment, headed by Ted Leonsis. The Capitals initially played their home games at the Capital Centre in Landover, Maryland, before moving to the Capital One Arena in Washington, D.C., in 1997. The Capitals were founded in 1974 as an expansion franchise and struggled throughout its first eight years of existence. In 1982, the franchise’s fortunes turned around, became a regular playoff contender for the next fourteen seasons. The 2009–10 Capitals won the franchise’s first Presidents’ Trophy for being the team with the most points at the end of the regular season. They won it a second time in 2015–16, and for a third time the following season in 2016–17. In addition to 12 division titles and three Presidents’ Trophies, the Capitals have reached the Stanley Cup Finals in 1998 and 2018, winning in the latter.