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The Leonsis Plan
by Paul on 10/06/08 at 11:44 AM ET
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from Adam Proteau of the Hockey News,
Asked what he had learned after just about 10 years as an NHL owner, Leonsis said:
“You know, I’ve always worked in public companies, but here’s a private company (in the Capitals).
“So I said, ‘OK, we don’t have shareholders like Wall Street. We have stakeholders – our fans.’ And you always hear businessmen being criticized for not taking the long-term view; that they have to meet the next 90 day’s quarterly results. So they view things for the short term, at the detriment of the long term of the company.
Filed in: NHL Teams, Washington Capitals | KK Hockey | Permalink
Tags: Ted+Leonsis,
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The thing about Ted Leonsis is that he talks a great game. If you go by his interviews, sound bytes, and blog posts, he sounds like the greatest owner a team could have.
(Do you sense the “but” coming?)
But, by and large, the Capitals haven’t been a particularly successful organization under his watch (nor were they before him, but that’s beside the point). The actions of Leonsis haven’t always been as powerful and captivating as his words—he’s employed a lot of questionable NHL minds in his front office, and as such has seen teams with better hockey brains surpass his club on more than one occasion. He’s spent a lot of bad money. He’s had a hard time making D.C. a place hockey players want to play.
However, the actions that Leonsis has made over the last few years are more encouraging than his talk. The Caps have a lot of young talent and look like they will be a good team in the east for years to come. It will be interesting to see how it plays out. Getting Ovie to sign that big contract is a massive step in creating an environment in D.C. that is attractive to hockey players. But I have to admit, I will stay skeptical until I see a Leonsis-owned team make a more serious push, either with more consistent regular seasons, or a few playoff runs that take them at least a round or two deep.
Posted by Nathan on 10/06/08 at 12:13 PM ET