USA Today's Lifestyle section takes a peek at the Washington DC suburb house of Ted Leonsis, majority owner of the Capitals. The feature includes a little tour with 7 pictures. According to the Washington Post, the property was purchased in 1999 for $4.2M plus $565k for the house next door which was demolished instead of turned into a dog house. Poor Coco, she can’t get no respect.
For someone who has a reported net worth somewhere between $5.78 and $1B, depending on the source, when it was written, and the state of the stock market, it really isn't a big deal. Most of the days anyway. Although, with the upcoming recession, maybe - just maybe - he's starting to be afraid of the repo man?
1999 is also the year he purchased the Caps for $85M.
The 22,000 square-foot house on 5.5 acres is described by Leonsis as "...a nice house, but not ostentatious."
Let's check dictionary.com:
Ostentatious: ...characterized by or given to pretentious or conspicuous show in an attempt to impress others. It has housed 500 guests for cocktails and is featured in a national paper but it's not ostentatious. OK. If he says so. Oh, who's calling? Bruce Cassidy! No, no, no, they already have a pool boy.
posted by HockeyZonePlus at 9:46 AM