Wizards
From left, Washington Wizards' Gilbert Arenas, Washington Wizards' Caron Butler, and Washington Wizards' Nick Young (Photo: Toni L. Sandys / The Washington Post)
About Wizards
601 F St. NW, Verizon Center, Abe Pollin Way, Washington, D.C. 20004
www.verizoncenter.com
| 202-661-5000
| Founded: 1964
Industry: Other | Category: Sports Teams
Washington Sports is the holding company for the Verizon Center and the Washington Wizards. In 2007, the Verizon Center marked its 10th anniversary by hosting 200 events, drawing more than 2.5 million patrons. The arena installed a high-definition video screen, improved the luxury suites and made other upgrades with help from a city ticket tax. This season, the Wizards qualified for the NBA playoffs for the fourth year in a row.
2007 Financial Data
Revenues: $200,000,000Total employees: 325 | Local employees: 325
Did You Know
VETERAN PLAYER: Abe Pollin, the longest-tenured owner in the National Basketball Association, bought the team in 1964 for $1.1 million. Forbes magazine estimates that it is now worth $348 million.
