In a 25-year period he has personally made investments and owned equity stake in numerous companies, including Groupon, Google, AOL, Revolution Money, AddThis, Preview Travel (Travelocity), GridPoint, Inside.com (formerly Mahalo), MobilePosse, ObjectVideo, SB Nation, Zedge, Triporati, Personal, I-Village, Proxicom, ePals, SnagFilms, MediaBank, Two Harbors, Videology, Algentis, Social Radar and Forbes' travel guide. WASHINGTON — Irene Pollin, who co-owned the NBA’s Washington Wizards and NHL’s Capitals along with late husband Abe, has died. People are chosen for the Pollin Award based on their dedication to the Washington, D.C. community and the impact they have on it. Leonsis is the founder of the Leonsis Foundation, which supports children "overcome obstacles and achieve their goals". John Wall plays in Kevin Durant-organized pickup games as NBA return nears, How He Made $2.8M Trading Stocks Part-Time At Home, Way too early NBA championship odds for next season. 8 overall draft pick? For his involvement in the scuffle, Leonsis was fined $100,000. On June 7, 2018, the Washington Capitals won the Stanley Cup Championship by defeating the Vegas Golden Knights 4 games to 1. [16] He raised $1 million in seed capital with his partner Vincent Pica,. [3][4] He is the founder and chairman of SnagFilms, which produced the documentary film Nanking. [73][74], Leonsis is also the co-inventor of Only In New York, a board game that blends street savvy and smarts needed to make it in New York City. But in 2019, those teams went defunct, as the league went bankrupt and dissolved. [49], In the face of community opposition, Leonsis has persisted with a plan to expand the billboards around the Verizon Center. [37] After the incident, Leonsis personally called the fan to apologize for his actions and invited him and his family to watch a game in the owner's box. [4], On March 9, 2009, Pollin was inducted into the George Washington University School of Business Sports Executives Hall of Fame. [25][26][27], In January 2013, Monumental Sports & Entertainment launched Monumental Network, a digital platform that serves as a hub for Washington's sports and entertainment news. The film was honored with the 2009 News & Documentary Emmy Award. Forbes estimates his net worth at around US$1 billion in 2018. He is currently the Chairman of Clearspring Technologies, an online content sharing network, which connects publishers, services and advertisers to audiences on the internet. [55] Leonsis has taken a fan-centric approach to running the franchise, by listening and responding to the concerns of Wizards supporters through his email and personal website. The film premiered in January 2008 at the Sundance Film Festival. [67], His first production was the documentary Nanking, which premiered at the 2007 Sundance Film Festival. This was the first Stanley Cup victory in the history of the Washington Capitals. "[51][52][53] Leonsis persevered and in March 2013 construction of the new signs were announced. [62], Leonsis purchased the rights to the Mystics around the same time he took over the Wizards.[63]. [66] The team name was later revealed as the Baltimore Brigade. [8][9], He attended Brooklyn Technical High School, before moving to Lowell, Massachusetts, where he graduated from Lowell High School in 1973. Abe Pollin was the chairman of the board, chief executive, and the majority shareholder of his company, Washington Sports and Entertainment, which owns the Wizards and the Verizon Center, amongst other entertainment interests. Monumental Sports additionally owns the Capital One Arena in Washington, D.C.[23] and manages the MedStar Capitals Iceplex and George Mason University's EagleBank Arena. [62] The development was paid for by DC taxpayers and District-funded Events DC while Leonsis' contribution to the $55 million cost was considered ceremonial. [10][13][14][15], Leonsis left Harris Corporation in March 1981 when, at the age 25, he moved to Florida and began his first business venture. [7] When his high school guidance counselor evaluated his skill set, the counselor concluded that young Ted was destined to work in a grocery store. He also received a suspension of one week, during which he was prohibited from having any contact with the team. [61], In February 2016, construction started on a new practice facility for the Wizards. [5][11][12] Also during college, Leonsis, with encouragement from a mentor, Reverend Joseph Durkin, used computers and primitive punch cards to his thesis where it introduced him to the potential fortunes that were to be made in the emerging software and personal computer industries of the early 1980s[citation needed]. On May 7, 2003, Wizards owner Abe Pollin fired Jordan as the team's president of basketball operations. 1 Sports PowerPlayer in Maryland, 2016 Greater Washington Urban League Unsung Philanthropist Award, This page was last edited on 12 September 2020, at 21:47. [6] Beginning in 2002, an award called "The Pollin Award" has been awarded annually in his honor. Pollin supported the Washington, D.C. community philanthropically, including a 1988 partnership with businessman Melvin Cohen to award college scholarships to 59 fifth-graders in Seat Pleasant, Maryland. Leonsis found Lovell a part-time job as a restaurant kitchen worker and provided him with a paid and furnished apartment, a prosthetic leg and Capitals season tickets for life. Theodore John Leonsis (born January 8, 1957) is an American businessman, investor, filmmaker, author, philanthropist, and former politician. [30], After purchasing the Wizards, Leonsis criticized the NBA's salary cap at a luncheon with business leaders. In 2018, Leonsis announced the purchase of an NBA G League franchise that would be later named the Capital City Go-Go. [19] When the organization was acquired by America Online (AOL) in 1994, Leonsis began working with AOL as a senior executive, remaining with the company for 13 years. Monumental Sports and Entertainment said Pollin died Tuesday at her home in Amherst, Massachusetts. On March 16, 2016, the announcement was made official by AFL commissioner Scott Butera. ", "Leonsis Prevents Penguins Fans From Buying Tix For DC Games", "Penguins Notebook: Getting tickets tough call now", "Leonsis: Billboards could help Wizards, Caps", "Blasted By Opposition to Lighted Signs on Verizon Center, Ted Leonsis Asks For More Time", "Verizon Center facade to get new digital, billboard-size signs after city's approval", "Leonsis' plan to light up arena would cheapen Chinatown", "Caps fan diagnosed with cancer gets special gift from Ted Leonsis", "Access Pollywood: Head Wizard Ted Leonsis Casts a Spell", "Washington Wizards' new uniforms and logo became a reality more quickly than for most NBA teams", "Sources: Veteran Pierce heading to Wizards", "Wizards land Marcin Gortat in trade with Suns", "NBA extends partnership with Turner Broadcasting, Disney", "Washington, D.C. Makes Sure No Billionaire Sports Team Owner Is Left Behind", "Ted Leonsis-Led Group Completes Acquisition of Washington Wizards | THE OFFICIAL SITE OF THE WASHINGTON WIZARDS", "Monumental Sports & Entertainment Acquires AFL Team » Monumental Sports & Entertainment", "Washington Valor Announced As Team Name", "MONUMENTAL SPORTS & ENTERTAINMENT ACQUIRES AFL TEAM TO PLAY IN BALTIMORE", "WIZARDS: Ted Leonsis - Majority Owner, Chairman and CEO", "Ted Leonsis – Majority Owner, Chairman and CEO", "New Owners of Capitals Talk About Goals for Team", "Meet the Leonsis Puppies: Coco and Lulu", https://twitter.com/TedLeonsis/status/1127926102154993664, http://www.brooklynvegan.com/ian-mackaye-says-ted-leonsis-offer-for-fugazi-to-reunite-is-not-newsworthy/, "Ted Leonsis loves music so much he used a bust of Elvis as a wingman in college", "Surreal Estate: Ted Leonsis buys lavish Potomac estate", "Marwood Estate Gets New Owner in Luxury 'House Swap' | REsource", "HOUSE OF THE DAY: Sports Mogul Ted Leonsis Buys A $8 Million Historic Mansion", "Washington Life Magazine: February 2006: Real Estate News", "Real Estate News About Don Imus, Ted Leonsis and Barbara Picower | Private Properties – WSJ.com", "The 23 richest billionaire NHL franchise owners — and how they made their fortune", "Several sports figures donate in 2012 elections", "Multimillionaire Donor Decries Obama's Class Warfare", "Charles Schwab and Ted Leonsis: 'We aren't the problem, "Ted Leonsis explains why he's hosting a Hillary Clinton fundraiser", "Leonsis tapped to lead Groupon after shake-up", "Meet Our President – Georgetown University", "Ted Leonsis: Businessperson of the Year", "Past Washingtonians of the Year | People & Politics", "Washington's Tech Titans | People & Politics", "50 Most Influential Virginians · Industries", "The Top 13 Sports Power Players In Maryland", "Ted Leonsis Accepts Unsung... – Greater Washington Urban League | Facebook", Majority team owners in the National Basketball Association, https://en.wikipedia.org/w/index.php?title=Ted_Leonsis&oldid=978096909, American chief executives in the media industry, American chief executives of financial services companies, Greek Orthodox Christians from the United States, Women's National Basketball Association executives, Articles with dead external links from January 2014, Wikipedia articles needing factual verification from August 2019, Articles with unsourced statements from August 2017, Articles containing potentially dated statements from 2014, All articles containing potentially dated statements, Articles with unsourced statements from January 2014, All articles with vague or ambiguous time, Vague or ambiguous time from January 2014, Wikipedia articles with WorldCat identifiers, Creative Commons Attribution-ShareAlike License, Owner of Monumental Sports & Entertainment, 2010: Washington Business Hall of Fame – Junior Achievement of Greater Washington, 2010: John Carroll Award – Georgetown University, 2013: Virginia's 50 most influential people –, 2013: No.

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