Ted Leonsis to take over as Wizards owner

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The Punisher
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Ted Leonsis to take over as Wizards owner

Postby Bob 0119 » Wed Nov 25, 2009 9:31 am

He already owns 40% of the team. Here's his statement last night on Abe Pollin's passing.

Ted Leonsis wrote:
Nov. 24, 2009

Ted Leonsis

Majority Owner
Lincoln Holdings

Statement on the passing of Abe Pollin





We are all saddened by the news of Mr. Pollin’s passing. We extend our deepest sympathies to Irene, Robert, Jimmy, the rest of the Pollin family and his many friends and join them, and all of Washington , in mourning a great man.



Mr. Pollin was a model philanthropist, an icon in the sports world and the individual responsible for founding the Capitals and bringing an NBA championship to our city. He was the catalyst in building a fabulous downtown arena that revitalized the surrounding area. Anyone walking down 7th Street , seeing the throngs of excited fans, the host of popular restaurants, hotels and nightspots, can attest to the lasting legacy of Mr. Pollin’s deep commitment to D.C.



My partners and I were proud to work with him and his family during the last ten years and we are committed to continuing his tradition of building exciting, championship-caliber teams. When Lincoln Holdings bought the Capitals and a substantial percentage of Washington Sports & Entertainment from Mr. Pollin in 1999, he gave us the exclusive right to purchase the remaining portion of the Wizards, Verizon Center and the local Ticketmaster franchise. That agreement established an orderly process for conducting that transaction and it is our intention to follow that process. Now is not the time, however, to discuss that subject; our focus now should be on mourning a great man who has done so much for our city.


This was a smart move by Pollin before his passing, and should be great news for Wizards fans.[/b]
“If you grow up in metro Washington, you grow up a diehard Redskins fan. But if you hate your parents, you grow up a Cowboys fan.”-Jim Lachey

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