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Ted Leonsis Washington Wizards & Washington Capitals
The only man that owns two area teams is Washington Wizards/Washington Capitals owner Ted Leonsis. Notorious for a hands on approach as an owner, has built a good team with the Capitals and has a lot of work to do with the Wizards.
After becoming a part owner of the Washington Wizards in the late 1990's, Leonsis did not have a lot to do with the team. After the death of primary owner Abe Polin in 2010, did Leonsis take full control of the team.
He has made some changes with returning the Wizards to their historic colors of red, white, and blue but as for putting a good team on the floor, that has been a different story. The Wizards have not been good in a long time and the future looks bleak even still.
He's been outspoken about NBA policies which to me is a good thing even though he was fined for his remarks against the salary cap structure.
However Leonsis' and staff did a good job in rebuilding the Capitals so I do see good with Ted now fully in charge of the Wizards.
When Leonsis became part owner of the Washington Wizards, he took full control of the Washington Capitals and his on-hand approach has been evident. He changed the logo and colors for the Caps and has spent the money to build playoff contender the last 5 years.
But even though Leonsis and management have build a winning club, they have not been past the second round since he took over.
There have been some skeptical acquisitions since the start beginning with the trade and major deal of Jaromir Jagr. This past season saw some missed opportunities in some veteran signings that did not pan out in a championship.
He's recently received the same criticism that fans give Peter Angelos for sitting on the money fans pump into the team. While most of the criticism is on George McPhee, some of it should be on Leonsis as well.