Jun 8, 2010, 12:03 PM EST
Ted Leonsis, despite day-to-day involvement with the Wizards, wasn’t technically the owner. Thanks to the beauty of the NBA bureaucracy, the sale of the team hinged on approval from the NBA’s Board of Governors, as do all transactions of this ilk.
Well, everything is now officially official: according to the Associated Press, Leonsis’ purchase of the team (or more specifically, Lincoln Holdings’ purchase of the team) has been approved by the Board, signifying a successful ownership transition after Abe Pollin’s passing earlier in the season. The Pollin family maintained control of the team throughout ’09-’10 but the sale to Leonsis has been an inevitability for some time now.
Washington’s ready for a fresh start. With Leonsis writing the checks, John Wall in D.C., and cap space to burn, things could turn around pretty quickly for the Wiz.
- Brandon Jennings leaves game in wheelchair, may have torn Achilles 8
- LaMarcus Aldridge decides to delay surgery, will return for Blazers Saturday vs. Wizards 7
- WATCH: Kobe Bryant’s doctor explains diagnosis to him following exam of injured shoulder 11
- Report: Cavaliers players say they ‘had lost faith’ due to lack of depth and roster construction 45
- Kobe Bryant will be back next season, he can’t resist the challenge 20
- Klay Thompson sets NBA record with 37 point quarter (VIDEO) 36
- If injury is serious, it would go against history for Kobe to be productive again 17
- Sixers’ leading scorer Tony Wroten suffers partially torn ACL, likely done for season 13