Even billionaires have crummy years, and 2012 was a bummer for our Ted Leonsis. He wants 2012 in his rearview mirror, bad.
It started off so well for the owner of both the Wizards and Capitals. Ted’s basketball team had the promising John Wall dressing up his back court, and young players who could develop into front-court threats. Alas, Wall turned up lame in preseason, the Wizards imploded and Ted’s team owns the worst record in the NBA, at 3-23. Meanwhile, the Capitals can’t even get on the ice, thanks to the contract dispute. For Leonsis, that means his arena is dark on nights he would have filled it with screaming hockey fans, and he’s having a hard time selling tickets for basketball games. Even billionaires have to pay their bills, and Leonsis’ revenues have dropped off the fiscal cliff.
