Where this billionaire is betting big next
Description
There is being a winner in one’s business career, and then there is Ted Leonsis — arguably one of the most successful business people of the past 20 years. The former top tech and AOL executive has parlayed his success in the C-suite into being a dominant force in the world of sports. He owns Capital One Arena, which is undergoing a nearly $1 billion tech-led renovation. He purchased the WNBA’s Washington Mystics for $10 million in 2005, well before the surge in popularity in the league. He bought the NBA’s Washington Wizards for $310 million 2010, a fraction of what major sports teams are going for today. He purchased the NHL’s Washington Capitals in 1999 for $200 million. So what’s next for Leonsis? Yahoo Finance Executive Editor Brian Sozzi talks on the Opening Bid Unfiltered podcast with Leonsis about the business of sports and what opportunities he sees ahead. Leonsis had been rumored to have interest in buying the MLB’s Washington Nationals, for example.
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