Leonsis takes control of Wizards

Discussion in 'Washington Wizards' started by truebluefan, Jun 10, 2010.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    Ted Leonsis has completed his purchase of the Washington Wizards -- and the e-mails are already coming in.

    The former AOL executive and his partners paid about $310 million to buy the NBA team, the Verizon Center and other assets from the estate of the late Abe Pollin. They had previously owned 44 percent of the team and the arena -- as well as 100 percent of the Washington Capitals and Washington Mystics.

    Leonsis' group is now called Monumental Sports & Entertainment. Its assets total about $825 million.

    http://sports.espn.go.com/nba/news/story?id=5272740
     

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