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Statement: Abe Pollin Family Agrees On "Major Economic Terms" Of Sale Of Wizards To Ted Leonsis

The Washington Post has the full statement from the Abe Pollin family announcing that the sale of the Wizards to Ted Leonsis has been finalized.

"We are announcing today that we have reached an agreement on the major economic terms to sell our family's share of the Washington Wizards, Verizon Center and related Washington Sports businesses to Ted Leonsis and his partners at Lincoln Holdings."

The family also paid tribute to the late Abe Pollin in the statement, as well as all the people who worked under him. 

But Abe and Irene could not have accomplished all this on their own. We therefore also honor today the incredibly capable, dedicated and decent people who have worked alongside Abe and Irene over all these years. We will soon be announcing further plans to celebrate in high style the many achievements and good times we have all shared, and to bring the broader DC community into this celebration.