Leonsis formally takes control of NBA's Wizards

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Fri, 2010-06-11 15:22

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 NHL's Washington Capitals and WNBA's Washington Mystics.
Leonsis' group is now called Monumental Sports and amp; Entertainment. Its assets total about $825 million.
The papers were signed on Wednesday, and Leonsis then opened an e-mail address for Wizards fans. By early Thursday he had already received 130 e-mails, including three from a fan concerned about the quality of the ketchup at the arena.
"I hope I'm not going to get 130 e-mails a day for both teams," said Leonsis, who will try to answer all fan e-mails.

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