Major deadline in Wizards sale to Leonsis on Wednesday
Deadline nears in sale talks for Wizards – The Post
Ted Leonsis is negotiating with the heirs of Abe Pollin to buy the majority of the Washington Wizards and Verizon Center. Wednesday is the primary deadline, although as explained in the article linked above, this isn’t the only opportunity for him to seal the deal.
While fixing up the Wizards would be great, controlling Verizon Center is huge. Leonsis’ Washington Capitals are tenants in the building. Not having control of things like club seats and ice conditions is tough on the franchise and Leonsis getting control would likely mitigate those issues and balance out the cash flow situation.
Speaking of the Wizards, I commented on Gilbert Arenas pleading guilty to felony gun charges last week. On a brighter note, the Caps beat the Flyers yesterday, which I blogged about on La Coupe Hauxer. The Caps are #1 in the East right now.
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Ted Leonsis has right of first refusal to buy Wizards, Verizon Center – 11.25.2009
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