Washington Wizards · Washington, DC United States
Company Description
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This link will open in a new window These Wizards know it takes more than a wave of the magic wand to win a basketball game. The Washington Wizards professional basketball franchise joined the National Basketball Association as the Chicago Packers in 1961. Founder Dave Trager moved the team to Baltimore in 1963, renaming the franchise the Bullets, but its only NBA title came in 1978 when the franchise played as the Washington Bullets. (It changed names again to the Wizards in 1997.) Abe Pollin, who has controlled the franchise since 1973, also has a stake in its home arena, the Verizon Center through his holding company Washington Sports & Entertainment . Lincoln Holdings , led by AOL executive Ted Leonsis, owns 45% of the team and its arena. To read the full description, subscribe now.
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Key Washington Wizards Financials
| Company Type | |
| 2004 Sales (mil.) | $94.0 |
| Employees | 100 |
Washington Wizards Executives
20 executives listed for Washington Wizards's Washington, DC location.
| Title | Name & Bio | Contact |
| Chairman and Majority Owner | Abe Pollin | Network |
| President, Basketball Operations | Ernie Grunfeld | Network |
| CFO and President, Business Operations | Peter Biché | Network |
Competition
Competitive Landscape for Washington Wizards
Demand is driven by consumer income and corporate entertainment spending. The profitability of individual teams depends on achieving high fan attendance and a large TV audience, both of which are enhanced by effective marketing and competitive play. Teams in large metropolitan areas have advantages in the population base and TV audience they can draw on, though they may face competition from other teams. Teams in smaller markets, along with less popular sports and minor league teams, can compete by building fan loyalty through local marketing promotions and an appeal to civic pride. Average annual revenue per worker across all sports teams is over $325,000. To read the full description, subscribe now.Top Washington Wizards Competitors
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