Former Duke men’s basketball player Brian Davis has filed a lawsuit against Bank of America over the sale of the Washington Commanders, per A.J. Perez of Front Office Sports.
Davis’ company Urban Echo Energy is the lone plaintiff, seeking $500 billion in damages. In the lawsuit, Urban Echo Energy claims that $5.1 billion got transferred to Bank of America in two separate transactions.
The lawsuit also alleged that Bank of America never notified Snyder about the bank drafts and is seeking an injunction to return the $5.1 billion.
Last week, Josh Harris finalized a $6.05 billion agreement to purchase the Washington Commanders from Dan Snyder. The NFL’s finance committee is reviewing the agreement. NFL owners expect to vote on the sale before the start of the 2023 NFL season in September.
Davis placed a $7.1 billion bid for the Commanders on March 21, according to the lawsuit that includes copies of two alleged bank drafts dated March 8.
At this time, Davis doesn’t plan to file additional lawsuits against the NFL or an injunction to halt the sale process to Josh Harris, Davis’ attorney, Jeffery T. Martin, told Perez.
The Sports Junkies on 106.7 the Fan were the first to report that Davis claimed to place a $7 billion bid for the Commanders. However, Harris’ group which consists of more than a dozen limited partners, was widely considered the only serious contender.
In April, reports suggested that the source of the money tied to Davis’ bid was from the Middle East. Yet, Davis refuted the report last month in an appearance on The Sports Junkies.
“My money comes from white people, who are Jewish, Italian, and Sicilian,” Davis said.
Davis’ suit adds another layer to the saga surrounding the sale of the Washinton Commanders. Harris reached a non-exclusive agreement with Snyder in April, allowing other suitors to continue to place bids. That kept the door open for Davis and Canadian billionaire Steve Apostolopoulos.
Both Davis and Apostolopoulos made public appearances stating their legitimacy. Yet last week, Snyder and Harris finalized their agreement. Still, the league’s finance committee has raised concerns about Harris’ bid due to its complicated financing.
