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Archive for May 20th, 2008
Help Save the World via Global Giving
Tuesday, May 20th, 2008All Trees Don’t Grow to Heaven
Tuesday, May 20th, 2008I found this to be interesting news. I certainly don’t need to keep upgrading my cell phone on an ongoing basis. Check out this article.
Ovechkin is Sporting News Player of the Year
Tuesday, May 20th, 2008Check it out. The first of many awards - I am sure - for Alex.
Also, congratulations to Mike Green for making the Sporting News All-Star Team.
Russian Celebration
Tuesday, May 20th, 2008Fedorov. Ovechkin. Semin. They are all big time national heroes over in Russia right now. And deservedly so. The President of Russia has invited them all to the Kremlin and there will be a major ticker tape parade thrown in their honor. We are proud of our players who won the gold medal. We are also proud of all of our other players who excelled at the World Championship including Huet, Green, Backstrom, Fleischmann and Lepisto.
Lincoln Holdings Update
Tuesday, May 20th, 2008From time to time the media reports on Lincoln Holdings, our sports partnership, and for multiple reasons facts get garbled and misunderstood. So here is a quick update and primer on Lincoln Holdings. I am hopeful that the media will internalize this information and report accurately on our ownership structure and asset base in the future.
Lincoln Holdings is a sports partnership made up of many of the area’s leading business people. We are a diverse and close-knit group of friends that love the community and love the competition of sports.
Lincoln Holdings owns 100% of the Washington Capitals and the Washington Mystics. We acquired these assets from Washington Sports and Entertainment. We own and operate these two teams and we are tenants in the Verizon Center. We also operate the Kettler Capitals Iceplex in Ballston, VA, where the Capitals are housed. The Mystics are headquartered in the Verizon Center itself.
Lincoln Holdings partnership includes the following partners alongside of me as I am the Majority Owner of Lincoln Holdings: Raul Fernandez, Dr. Jeong Kim, Jack Davies, Mark Lerner, Dick Patrick, George Stamas, Rick Kay, Richard Fairbank, Sheila Johnson and Michelle Freeman. I believe we have the most diverse ownership group in sports.
Lincoln Holdings also owns about 44% of Washington Sports and Entertainment LP. WSELP - as it is known - is Mr. Pollin’s sports partnership that owns and operates the Washington Wizards, the Verizon Center and the local Ticketmaster franchise. We are silent and minority partners in WSELP and we also own future ownership rights to the majority ownership position of WSELP.
Dick Patrick is President of the Washington Capitals and our Governor at the NHL level. Sheila Johnson is President and our managing partner of the Washington Mystics. She also represents us at the WNBA level.
I hope this sets the record straight.
Let No Good Deed Go Unpunished
Tuesday, May 20th, 2008I guess Steve Ballmer won’t be giving many more speeches in Hungary at universities. This is just such bad behavior. Where was security?
