Ted Leonsis
FameRank: 6

"Theodore John Leonsis" is a Greek- Americans/American sports team owner, venture capital investor, filmmaker, author, and philanthropist. He is a former senior executive with America Online (AOL). As the founder, chairman, and chief executive officer/CEO of Monumental Sports & Entertainment, he is the majority owner of the National Hockey League's Washington Capitals, the National Basketball Association's Washington Wizards, the Women's National Basketball Association's Washington Mystics and the Verizon Center in Washington, D.C. He is a founding member and investor in the Revolution LLC/Revolution Growth Fund, which includes investments in FedBid, Resonate_%28company%29/Resonate Insights, Optoro and CustomInk. He is the founder and chairman of SnagFilms, which produced the documentary film Nanking (2007 film)/Nanking. The film was honored with the 2009 News & Documentary Emmy Award. In 2010, he wrote the book, The Business of Happiness.

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As a league, we will have less TV revenue, and locally I don't think we can expect to increase our ticket revenue. However, our ticket prices are going down even more. That price reduction may help attendance, but we don't anticipate it helping overall revenues.

We are extremely pleased the NHL and Players Association have reached an agreement in principle and look forward to the ratification process. We are excited about the prospects of returning to the ice and welcoming our fans back to the MCI Center.

We want the young kid to play, ... We want [center Brian] Sutherby to play, we want [right wing Boyd] Gordon to play. Semin will play a big role as we move forward.

We are making every effort to bring him here, ... George spoke to the agent [Friday] night, as did I. We both want him here.

There's going to be a lot of expectations on this young man, being the first pick in the draft, but I ask that we allow ourselves some patience. We're going to build a team around him, a very strong, young, aggressive team, and he is certainly a great fundamental building block for us to go forward on.

This first year [under the league's salary cap economic system] we're going to see what we have.

We need some help on the blueline and we have some money to spend there.

We have to allow our young players an opportunity to play and progress, ... For some that opportunity will be this year. For others, it will be next year or the year after.