It's official! Ted Leonsis is the new Wizards' owner!

Published June 8, 2010 at 10:17 a.m.
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...More photos »...Jacquelyn Martin - AP...

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...about 1 month ago:...FILE - In this Sept. 11, 2007, file photo, Ted Leonsis, a majority owner of the Washington Capitals ice hockey team, speaks with the Associated Press during an interview in Washington. The family of late Washington Wizards owner Abe Pollin says it has agreed on the "major economic terms" for selling its stake in the NBA team to Capitals owner Ted Leonsis. (AP Photo/Jacquelyn Martin, File)...

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Great news today, via Howard Beck of the New York Times.

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

Congratulations to Ted, the team and the league for getting the sale approved well in advance of the NBA Draft.  The new era of this franchise can now begin!

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