Jason Levien’s sports empire just got bigger.
The D.C. United general partner – and de facto face of the franchise in its pursuit of a new stadium – has been announced as the new CEO and managing partner of the NBA’s Memphis Grizzlies.
The Grizzlies were recently purchased by technology entrepreneur Robert Pera for $377 million.
To make his move to the Grizzlies, Levien is giving up his ownership share in the Philadelphia 76ers. He made that investment with Erick Thohir before the two joined forces to buy their stake in D.C. United. Levien is a former NBA agent and formerly an executive with the Sacramento Kings.
What does this mean for D.C. United? Levien’s role isn’t supposed to change. In fact, he’s planning to move with his family to the Washington area. There’s no doubt, however, that running an NBA that is more than double D.C. United’s value will increase his workload. How that affects United on a day-to-day basis, and in particular the path to a stadium, remains to be seen.