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Home > Company Index > Leisure > Professional Sports Teams & Organizations > Washington Wizards

Washington Wizards
 NEWS FROM THE STANDARD
Expensive Toys for Very Rich Boys
Apr 24 2000 12:00 AM PDT

Dot-Gov
Jan 31 2000 12:00 AM PST

 PROFILE
The Washington Wizards' attempts to conjure up a second NBA title for the capital city should get some magical help from new minority owner and head of basketball operations Michael Jordan. The team founded as the Chicago Packers in 1961 has been hexed in the championships, winning just one title in four appearances. Dave Trager formed the team in the windy city, but moved it to Baltimore in 1963, where it was recast as the Bullets. Abe Pollin bought the team the next year and changed the name to the Washington Bullets in 1974 (it changed again in 1997 as part of an anti-violence campaign). Today Pollin owns most of the team and its new MCI Center; AOL Time Warner executive Ted Leonsis also owns a minority stake.

 COMPETITION
The Heat Group (dossier)
Orlando Magic (dossier)
Philadelphia 76ers (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 75.00
1-Yr. Sales Growth: 54.3%
Employees: 100
Revenue per employee: $750,000.00

 KEY PEOPLE
• Abe Pollin
    CEO
• Peter Biche
    CFO

 CONTACT INFO
601 F St. NW
Washington, DC 20001
US
Phone: 202-661-5000
Fax: 202-661-5101
Online: Web Site

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