Wizards Have New Owner: NBA Approves Sale Of Team To Ted Leonsis

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It's Official: NBA Approves Sale Of Wizards To Ted Leonsis

The new era of the Washington Wizards can now officially begin. According to Howard Beck of the New York Times, the NBA has approved the sale of the Wizards to Ted Leonsis.

NBA board of governors unanimously approves sale of the Wizards to Ted Leonsis, the league announced.

Leonsis’ group will now have full control of the Wizards, the Mystics and Washington Sports and Entertainment, which owns the Verizon Center.

For more, visit SB Nation’s Wizards blog Bullets Forever.

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Ted Leonsis Finalizes Deal With Pollin Family, Will Become New Wizards Owner

It's official: Capitals owner Ted Leonsis is now also the new owner of the Washington Wizards. The family of former owner Abe Pollin released a statement saying their deal with Leonsis has been finalized, according to the Washington Post.

The Abe Pollin family has finalized a deal with Washington Capitals owner Ted Leonsis to sell him the family's share of the Washington Wizards and Verizon Center, the family announced in a statement today.    

SB Nation's Wizards blog Bullets Forever has a one-word response to the news. 

YAY!    

Much more on this story as it develops. 

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