Official Statement from Washington Sports and Entertainment

Here is the statement from Washington Sports and Entertainment regarding the passing of Mr. Pollin. The quotes honoring Mr. Pollin’s legacy say it all, don’t they?Washington Wizards and Washington Sports & Entertainment Mourn the Passing of Chairman Abe Pollin

Longest-Tenured Owner in NBA Leaves Legacy of Giving and Economic Resurgence

 

Washington, D.C. – The Washington Wizards and Washington Sports & Entertainment today mourn the passing of their Owner and Chairman, Abe Pollin, at the age of 85. Pollin leaves behind his wife, Irene, and two sons, Robert and James, as well as two grandchildren (Hannah and Emma) and a great granddaughter (Ruth). Pollin passed away with his family by his side.

 

In 46 seasons of ownership of the Washington Wizards, Abe Pollin held the distinction of being the longest-tenured owner in the National Basketball Association. From the time he became an owner in 1964, Pollin played an integral role in steering the NBA from a small, regional league to a worldwide presence on the business landscape. All the while, Pollin strived to make his franchise an industry leader on two fronts – the basketball court and the community – combining his love of sports with dedication to public service.

 

Pollin was at the center of some of the most historic events in the NBA during his time at the helm of the Washington franchise, and he reached the pinnacle of the sport in 1978 when his Bullets, behind the play of Wes Unseld, Elvin Hayes and Bob Dandridge, brought a World Championship to Washington.

 

As the majority owner of Washington Sports & Entertainment, Pollin oversaw the operations of the Washington Wizards, the Washington/Baltimore Ticketmaster franchise, and the management of three multi-purpose facilities throughout his career: Capital Centre, Verizon Center and The George Mason University Patriot Center. Pollin also formerly owned and operated the NHL’s Washington Capitals and the WNBA’s Washington Mystics before their respective sales within the past decade.

 

Perhaps Pollin’s greatest accomplishment was the private financing and construction of Verizon Center in downtown Washington, D.C., and the subsequent economic resurgence of the surrounding neighborhood. In 1995, Pollin broke ground on Verizon Center and stated two goals he had for the facility: to be the best and to revitalize downtown Washington, D.C. On December 2, 1997, Verizon Center opened with a victory for Pollin’s Washington Wizards in the building’s first-ever event. Since opening, the arena has installed the first true indoor high-definition scoreboard for an arena in the country and has been nominated for Arena of the Year by leading trade publication Pollstar. Hosting over 28 million people with over 2,600 concerts, family shows and world-class sporting events, Verizon Center is the centerpiece of $6.2 billion in redevelopment in the surrounding Chinatown neighborhood in downtown Washington, D.C. (Source: Downtown BID).

 

Verizon Center marked Pollin’s second state-of-the-art facility, as he previously owned and operated the Capital Centre in Landover, Maryland. In 1973, the Capital Centre was a building that was then what Verizon Center is now: an arena at the forefront of the sports and entertainment industry. The Capital Centre was the first arena to boast a series of unique features including electronic ticketing, one-of-a-kind luxury suite accommodations and never-before-seen telscreen video displays.

 

Along with the opening of Capital Centre, Pollin brought professional hockey to the nation’s capital for the first time. Defying long odds, Pollin secured an expansion franchise from the NHL, and the Washington Capitals were born. During Pollin’s ownership of the Capitals, the franchise made 15 playoff appearances, including an exciting run to the Stanley Cup Finals in 1998, the team’s first season at Verizon Center. Pollin sold the Capitals to Lincoln Holdings, LLC and majority owner Ted Leonsis in 1999.

 

Pollin also founded Washington’s WNBA franchise – the Washington Mystics – in 1997, and saw his franchise debut at Verizon Center on June 19, 1998, in front of 20,674 fans; the largest crowd ever to attend a women’s professional basketball game in the United States. In May of 2005, Pollin facilitated the sale of the Mystics to Lincoln Holdings and brought in Sheila Johnson as the Mystics President and Managing Partner. With Lincoln Holdings’ stake in the NBA’s Wizards and the NHL’s Capitals, Johnson became the first African-American woman to have ownership interest in three professional sports franchises.

 

Pollin’s success in the business of sports and entertainment was equaled only by his passion to use his fortune in life to make the life of others better. His philanthropic and humanitarian endeavors knew no bias or boundaries, evidenced by the numerous public service and community organizations to which he selflessly devoted enormous time and energy.

 

On December 3, 2007, the District of Columbia’s Mayor, Adrian M. Fenty, proclaimed “Abe Pollin Day” in honor of Pollin’s 84th birthday and his great contributions to the city. The Mayor also renamed F Street between 6th and 7th Streets NW as Abe Pollin Way. In 2009, Pollin’s alma mater, The George Washington University, inducted him into the school’s “Sports Business Hall of Fame.”

 

Abe Pollin moved with his family to the Washington, D.C. area from Philadelphia at the age of eight, and later graduated from The George Washington University in 1945. In 1957, the Pollin family launched their own construction company, and built several large apartment buildings and office buildings in Washington, D.C., one of which featured the first-ever rooftop pool.

 

Throughout his adult life, Pollin was hand-in-hand with his wife Irene Pollin, who has over three decades of experience in the health care profession. She created the first Medical Crisis Counseling Center developed to treat patients and families coping with chronic illness, and has developed Medical Crisis Counseling Centers at the Washington Hospital Center, as well as additional facilities in surrounding communities. As president and founder of the Linda and Kenneth Pollin Foundation and the Sister-to-Sister Foundation, she serves on a number of national advisory boards and commissions in fields of both mental and women’s health.

 

MEDIA CONTACTS: Matt Williams (202-628-3200 ext. 4532), Scott Hall (ext. 4536), Sheila Francis (ext. 6042), Brian Sereno (ext. 6044)

 

Quotes on the passing of Abe Pollin:

NBA COMMISSIONER DAVID STERN
“With Abe Pollin’s passing, the NBA family has lost its most revered member, whose stewardship of the Wizards franchise, together with his wife Irene, has been a study in unparalleled dedication to the city of Washington. During his illness he fought with a determination and valor that will remain an inspiration to all. We extend our deepest sympathies to Irene and his two sons, to whom he was so very devoted, and to the entire Pollin family.”

BULLETS LEGEND WES UNSELD

“I just lost a real good friend. I think it is more than any of you will ever understand. There is just going to be a big void in this community and even further out. He knew the whole scene. He could visualize it when people like me couldn’t understand it. He had that type of mentality.”

DISTRICT OF COLUMBIA MAYOR ADRIAN M. FENTY
“Today the District of Columbia has lost one of our greatest treasures. Abe Pollin almost single-handedly revitalized the Gallery Place / Chinatown neighborhood by turning down offers from suburban jurisdictions to finance and build the Verizon Center on 7th Street NW. My deepest condolences go out to Mr. Pollin’s family, most especially his wife Irene, who was always his partner, in sports, construction, philanthropy, and of course, family. Abe Pollin will be remembered in the District for adopting our city as his hometown, having lived in the area since the age of eight; for more than 40 years as owner of the Washington Wizards; and for being the original owner of the National Hockey League’s Washington Capitals and the Women’s National Basketball Association’s Washington Mystics. He will be truly missed.”

MAJORITY OWNER OF LINCOLN HOLDINGS TED LEONSIS

“We are all saddened by the news of Mr. Pollin’s passing. We extend our deepest sympathies to Irene, Robert, Jimmy, the rest of the Pollin family and his many friends and join them, and all of Washington, in mourning a great man. Mr. Pollin was a model philanthropist, an icon in the sports world and the individual responsible for founding the Capitals and bringing an NBA championship to our city. He was the catalyst in building a fabulous downtown arena that revitalized the surrounding area. Anyone walking down 7th Street, seeing the throngs of excited fans, the host of popular restaurants, hotels and nightspots, can attest to the lasting legacy of Mr. Pollin’s deep commitment to D.C. My partners and I were proud to work with him and his family during the last ten years and we are committed to continuing his tradition of building exciting, championship-caliber teams. When Lincoln Holdings bought the Capitals and a substantial percentage of Washington Sports & Entertainment from Mr. Pollin in 1999, he gave us the exclusive right to purchase the remaining portion of the Wizards, Verizon Center and the local Ticketmaster franchise. That agreement established an orderly process for conducting that transaction and it is our intention to follow that process. Now is not the time, however, to discuss that subject; our focus now should be on mourning a great man who has done so much for our city.”

 

WIZARDS PRESIDENT ERNIE GRUNFELD

“Mr. Pollin was a titan in the city of Washington and the NBA. His vision changed the landscape of the city, and his generosity and commitment to making his community a better place will be felt by many generations to come.”

 

PRESIDENT OF BUSINESS OPERATIONS & CFO PETER BICHE

“When we came there was sort of nothing here. Now there is stuff going on even when there aren’t games, and I think that is the true tribute to him. This building will be here for a long time and its impact is beyond the building itself. That is one of the great things he has done for this city. The guy is a lion as far as I’m concerned, in the sports world and also in the Washington community. They just don’t make them like that very often.”

 

CHIEF OF STAFF & EXECUTIVE VICE PRESIDENT MATT WILLIAMS

“There is nobody that wanted to win more than him. If we won a game, you knew it was going to be a good next day in the office and if we lost it was going to be a bad day. That is just the way it was and that is why he was in the business.”

 

BULLETS LEGEND/WIZARDS TV ANALYST PHIL CHENIER

“Every time I walk down the streets here in this area, the streets all lit up, I think about how this is Abe and Irene’s project. They started it all with this building and everything was built around it. Now this is the focal point of the city.”

 

HEAD COACH FLIP SAUNDERS

“What stood out was his passion he had for this team and his love for the city. More than anything, he wanted this team to be successful for the city. He wanted to win another championship. That is something that will always be on our mind.”

 

GUARD GILBERT ARENAS

“The first person I called was my dad because he was the father away from California. He wanted a championship before he died and as long as I’m here, that is what I’ll be shooting for. Through my injuries, through everything that has been going on, he’s the only one who has been by my side, him and the organization. It’s been a pleasure being his son away from his kids. He was loyal to his team and loved basketball.”

 

CENTER BRENDAN HAYWOOD

“I think he loved the Washington Wizards as much as his family. He really tried to inspire us, put a lot in to this organization, and I think we all owe him a debt of gratitude. I love Mr. Pollin. He was always a straight shooter, told you everything that was on his mind and you have to respect that.”

Lincoln Holdings Update

From 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.