‘Caron Butler at the line’
courtesy of ‘afagen’
The deal is finalized – Caps owner Ted Leonsis signed the purchase agreement proposed by the estate of the late Abe Pollin on Sunday, committing Leonsis to purchase the last 56 percent of the Wizards organization and the Verizon Center that he did not previously own … until now.
This purchase agreement means that Lincoln Holdings (a “closely-held” group of investors) will more than likely take over the Wizards in time for the June NBA draft, according to the Washington Post, enabling Lincoln Holdings to have input regarding the team’s player selections and the re-building of the “ailing franchise.”
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