Wizards and their arena sell for $550 mil.

[Emma]

http://realgm.com/src_wiretap_archives/65569/20100325/wizards_arena_sell_for_$550m/

Wow, I heard nothing about this.







edit: Weird, the link isn't functioning.
Ha! I also need an "s" at the end of "Wizard" in the thread title, por favor.

 

[VF21]

I fixed the title. The link worked for me. It's based on an article from the Washington Post.

Washington Capitals owner Ted Leonsis and the estate of Abe Pollin have reached an agreement on a price for Leonsis to purchase the Washington Wizards and Verizon Center, overcoming the single biggest obstacle in his path to take ownership, according to several sources familiar with the negotiations.

The entire value of the team and arena is pegged around $550 million, according to sources.

 

[UKRAINE]

Good for the Wizards! Ted Leonsis is a great guy and arguably the best sports owner in the US. If anyone can turn this struggling franchise around, it is him.