According to a tweet by Howard Beck, the NBA unanimously approved the sale of the Washington Wizards to Ted Leonsis. The terms of the sale were agreed on by Leonsis and the Pollin family, the team's previous owners, over a month ago. The league approval officially makes Leonsis the team's majority owner.
He now owns the Wizards, Mystics, Capitals, and Verizon Center, the building they all play in.
For more, visit SB Nation's Wizards blog, Bullets Forever.