It's not clear exactly how much money Jason Levien has. But he has a way of making friends with those who have plenty.
The D.C. United general partner was announced as the new CEO and managing partner of the NBA's Memphis Grizzlies on Monday. The Grizzlies were recently purchased by billionaire technology entrepreneur Robert Pera for $377 million. Levien will assume operations control of both the basketball team and business.
With D.C. United, Levien invested alongside a son of a billionaire, Erick Thohir, an Indonesian media magnate who is the deep pockets to Levien's political expertise in helping the soccer team along the path to a new stadium.
The Grizzlies job isn't expected to detract from Levien's work in Washington; in fact, he's relocating to the area from New York, and he watched last weekend's match at RFK Stadium seated next to D.C. Mayor Vincent Gray.
But there's no doubt that running an NBA team that is seven times D.C. United's value will increase his workload. Whether it affects the stadium pursuit remains to be seen.
- Craig Stouffer