Leonsis close to purchase of Wizards
ARLINGTON, Va. -- The family of late Washington Wizards owner Abe Pollin has agreed to the "major economic terms" of a deal to sell its stake in the NBA team to Washington Capitals owner Ted Leonsis.
Leonsis, a former AOL executive, and the Pollins ran into some snags in talks this year. But in a statement Tuesday, Pollin's sons, Robert and James, said they and their mother, Irene, congratulate Leonsis on this "near-final step in a long negotiation."
A person familiar with the negotiations ...
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