'Family affair'

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Mark Lerner went to Ted Leonsis in 2003 and basically asked whether he could pay a lot of money to serve an apprenticeship in sports ownership.

"He asked to make a small investment to get a seat at the table to learn from the inside about sports ownership," said Leonsis, owner of the Washington Capitals.

Lerner joined Lincoln Holdings in November of that year and began taking notes on the challenges that come with owning a franchise. Leonsis said Lerner soaked in as much as he could.

"For a small, minority owner, he has been very active," Leonsis said. "He attends lots and lots of games. He is always online, sending me info. He is very inquisitive."

Yesterday the apprenticeship ended. A group that includes Lerner, his father, Ted, other family members and investors yesterday was named the owner of the Washington Nationals.

The Lerners hope to own the Nationals a long time -- a goal that likely helped them win the competition with the seven other investment groups willing to pay $450 million for the relocated Montreal Expos franchise.

"He is not a financial buyer," said Leonsis, who first met the Lerners through charity work. "The family wants the team to be a generational team. They do not look at assets as investments but as part of the family.

"This will be a family affair with lots of love and care and feeding and attention to detail. The best thing is that the Lerners and Mark will treat the team as a public trust. They will take a long-term view of the team and its improvement and will always conduct themselves with dignity and grace."

That won over baseball commissioner Cadillac Bud Selig: The Lerners convinced him the Nationals will be a labor of love, not a diversion for the rich and powerful or an investment to be cashed in five years from now.

They did such a good job that Cadillac Bud rejected the intense lobbying of one of his closest confidants, White Sox owner Jerry Reinsdorf, on behalf of his friend Jeff Smulyan, the Indianapolis media mogul and former owner of the Seattle Mariners.