Tag: Bank of America

Brian Davis’ UEE files suit, still desires to purchase the Commanders

Brian Davis is suing Bank of America, still wants to purchase the Commanders.

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Former Duke basketball player Brian Davis is in the news again regarding the Washington Commanders.

Davis had been in the news a few weeks ago, stating on the Junkies of 106.7 The Fan program that he had billions in cash and could buy the Commanders.

Friday, Davis’ company Urban Echo Energy LLC filed suit against Bank of America to credit $5.1 billion to its account.

The plaintiff believes owner Daniel Snyder would have accepted his offer to purchase the Commanders over the offer by Josh Harris. But, according to Davis, the Snyders were not aware of the $5.1 billion was being held in limbo by Bank of America.

The Plaintiff is also declaring that he has now suffered damages because another party (Josh Harris) has later entered his bid for the Commanders, and the bid was accepted by the Snyders, setting the transaction in motion.

The Plaintiff is also asserting that Bank of America’s actions also led to devastating reputational damage.

Davis is claiming he is still desiring to purchase the Commanders and that he still needs immediate access to these funds to make a competing offer for the purchase of the Commanders.

We now await word to see if the court will feel there is any merit to these charges thus far.

Readers will recall that Davis never really was able to explain to the Junkies on their program segment where the actual money would be coming from, nor how he has that much money.

Many might also recall the red flag that was raised when Davis had claimed to have outbid Harris. Strangely Davis claimed to have outbid Harris by an entire billion dollars.

Readers might want to read Daniel Wallach for his explanation of what has thus far transpired. Here is the first of his thread posted Monday.

6 highlights from latest Daniel Snyder bombshell story

There’s no way Dan Snyder isn’t selling the team now, right?

The heat is on for Washington Commanders owner Daniel Snyder.

Over the last several days, multiple conflicting reports emerged regarding the sale of the Washington Commanders, who was involved, who wasn’t involved and Snyder’s pushback.

On Tuesday morning, the day after The Washington Post’s story revealing Snyder wanted indemnification from fellow NFL owners and the league from future liabilities and costs if he sells the team, came an ESPN bombshell from Don Van Natta Jr. that covered Snyder’s falling out with his three former minority partners.

A lot was included in Van Natta’s report, which featured excellent reporting and a lot of documents, many of which revolve around a $55 million loan Snyder received from Bank of America that his former minority partners knew nothing about at the time.

We’ve reviewed Van Natta’s report, and here are five highlights/takeaways from the latest Snyder news.

 

DC attorney general: ‘Major announcement’ involving Commanders coming Thursday

DC attorney general Karl Racine says a major announcement regarding the Commanders is coming Thursday.

Washington D.C. attorney general Karl Racine emailed reporters Wednesday to announce a press conference at noon ET Thursday where he will “make a major announcement related to the Washington Commanders.”

According to the release, the office of the attorney general will also hold a follow-up press event for reporters later that afternoon.

No further details were revealed during the release. However, The Washington Post reported in October that Racine had nearly completed his investigation of the Commanders and owner Daniel Snyder. The investigation allegedly began in the fall of 2021.

The office of D.C. Attorney General Karl A. Racine (D) has nearly completed its investigation of the Washington Commanders and their owner, Daniel Snyder, and is planning to take further action in the case, according to a person familiar with the investigation.

This comes one week after Snyder hired Bank of America Securities to “explore potential transactions” for the franchise. The team quickly confirmed the report. Later that day, an ESPN report stated that the U.S. attorney’s office in the Eastern District of Virginia was investigating the team for alleged financial improprieties.

While there have been questions about Snyder potentially selling the entire team or looking for a minority partner, Jay Glazer of FOX Sports reported Sunday that Snyder is selling the franchise and that the NFL wants this complete within the next six months.