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Brian Davis

All articles tagged with #brian davis

sports2 years ago

Brian Davis's Company Seeks $500B in Lawsuit over Failed Commanders Purchase from Bank of America.

Brian Davis's company, Urban Echo Energy, is seeking $500 billion in damages from Bank of America in a lawsuit over the alleged failure to communicate a $7.1 billion offer to Washington Commanders owner Daniel Snyder. The $500 billion demand is generating plenty of publicity, but the more relevant number is $5 billion, which allegedly comes from the Estate of Severino Garcia Sta. Romana. The litigation could challenge the NFL's rules regarding who can buy a team and where the money can come from.

via Yahoo Sports|
#bank-of-america#brian-davis#lawsuit
sports2 years ago

Company owned by Brian Davis seeks $500B over failed purchase.

Brian Davis's company, Urban Echo Energy, is seeking $500 billion in damages from Bank of America in a lawsuit filed over the alleged failure of Bank of America to communicate a $7.1 billion offer to Washington Commanders owner Daniel Snyder. The $500 billion demand will generate plenty of publicity, but the more relevant number, for now, is $5 billion, which allegedly comes from the Estate of Severino Garcia Sta. Romana. The end game of this litigation could be to challenge the NFL’s rules regarding who can buy a team and where the money can come from.

via NBC Sports|
#bank-of-america#brian-davis#lawsuit
sports2 years ago

Brian Davis Sues for $500 Billion Over Commanders' Sale.

Brian Davis, owner of Urban Echo Energy, has filed a $500 billion lawsuit against Bank of America, the firm that handled the sale of the Washington Commanders by owner Dan Snyder. Davis alleges that Bank of America failed to deposit $5.1 billion in bank drafts that he transferred to the bank. The lawsuit seeks an injunction to return the funds and additional damages. The Commanders declined to comment. The sale of the Commanders was finalized last week for $6.05 billion to a group led by Mark Harris.

via Front Office Sports|
#bank-of-america#brian-davis#dan-snyder
sports2 years ago

Brian Davis' Interview Fails to Boost Bid for Commanders.

Brian Davis, who claims to have a $7 billion bid for the Washington Commanders, gave an interview on 106.7 The Fan in D.C. where he failed to clarify whether he personally has the $2.1 billion required to fund the 30% of the team he would need to acquire to become the controlling owner. Davis claims to have $10.5 billion in an account, but it is unclear how much of that is his own money. The vetting process will determine the truth of his claims.

via NBC Sports|
#brian-davis#daniel-snyder#nfl
sports2 years ago

Unpacking Brian Davis' Controversial Bid for the Commanders

Brian Davis, who is trying to buy the Washington Commanders from Daniel Snyder, denied that the $7 billion package he is offering is backed by money from Saudi Arabia. Davis needs to buy 30% of the team on his own, which amounts to $2.1 billion in liquid cash, without loans or investments. Davis has faced multiple civil lawsuits in the past, and it is unclear if he has the resources to comply with league rules regarding ownership.

via NBC Sports|
#brian-davis#commanders#daniel-snyder
sports2 years ago

Commanders Sale Saga Continues with Unusual Bid and Confusion Among Fans.

Former basketball player Brian Davis submitted an unusual offer to buy the Washington Commanders for $7 billion in cash, with the first billion coming within 24 hours of the deal being approved and the rest coming within seven days. Davis is also offering to indemnify Snyder, meaning that Davis and the Commanders would take on any legal liability incurred by Snyder for any actions involving the Commanders. Davis' business background and opaque real estate dealings raise questions about his ability to make such an offer. The NFL and Bank of America will review the financials in more detail and audit Davis' solvency.

via Pro Football Network|
#brian-davis#dan-snyder#josh-harris
business2 years ago

Brian Davis Takes a Swing at Success.

Former Blue Devil Brian Davis has made a $7 billion bid to buy the Washington Commanders, offering to indemnify Dan Snyder for his legal concerns. Davis has offered to pay $1 billion up front and the rest within six days, which is substantially higher than the reported $6 billion deal with Josh Harris. If the numbers check out, it would be hard for Snyder to walk away from the offer.

via Duke Basketball Report|
#bid#brian-davis#business