Leonsis completed his takeover of the Wizards and Verizon Center in June through his newly-formed holding company, Monumental Sports and Entertainment. He had previously purchased the Washington Capitals and Mystics from the Pollin family. Leonsis has taken a fan-centric approach to running the franchise, by listening and responding to the concerns of Wizards supporters through his email and personal website. He has written a manifesto of 101 changes he hopes to implement during his ownership, including changing the team's colors back to the red, white and blue of the Bullets era, and possibly changing the team nickname back to 'Bullets' as well. Team president Ernie Grunfeld later confirmed that the franchise's colors would revert to red, white and blue from the 2011–12 season onwards. The team also adopted new uniforms that were very similar to the ones they wore from 1974 to 1987. Although the Wizards did not change their name to the Bullets again, they adopted a variation of the 1969–1987 Bullets logo with "wizards" spelled in all lowercase letters like the "bullets" logo was printed.