The Washington Mystics have a new owner: it's Lincoln Holdings. Washington Sports & Entertainment chief Abe Pollin announced the sale this afternoon.

Sheila Johnson, who co-founded Black Entertainment Television, becomes the Mystics' president and managing partner: she'll be the first African-American woman to control a major sports franchise. "I would not have sold the team to anybody else," Pollin said.

Lincoln already runs DC's NHL team, and holds a 45% stake in WS&E. The 'Stics "have been running better than the Washington Capitals. At least they're playing and have a shot at making money," Ted Leonsis, who runs Lincoln Holdings, remarked.

Johnson's former husband Robert Johnson owns the Charlotte Bobcats-- and the Sting: Johnson's team will meet Johnson's on June 28.