April 17th 2023.
It looks like Magic Johnson and Josh Harris will have to wait a little bit longer before signing the check for the Washington Commanders. According to WUSA, a local D.C. native, Brian Davis, has put a last-minute offer on the table to purchase the NFL club - an additional $1 billion over the record-breaking $6.05 billion that Johnson and Harris had agreed to pay.
The documents acquired by the media outlet confirm that Davis is offering to pay the first $1 billion to Dan Snyder within 24 hours and $6 billion within seven days - and he is also willing to indemnify Snyder for any legal liability related to the Commanders’ owner amid the ongoing investigations into the team.
Davis, a former Duke University basketball player, raised the capital he’d need to make this offer by selling his intellectual property. He had a $50 billion valuation for his assets and intellectual property and private investors gave Urban Echo Energy the capital in a lump sum.
In his bid to purchase the team, Davis wrote, “ With the Washington D.C. metropolitan area having a significant minority population, Urban Echo believes that African American ownership in the Company will be a vital component to enhancing the social infrastructure in the local community. There is a significant opportunity to enhance the existing fanbase.”
It looks like Magic Johnson and Josh Harris will have to wait a little bit longer before finalizing their purchase of the Washington Commanders, thanks to the incredible offer from local D.C. native Brian Davis. His additional $1 billion offer promises to bring a positive change to the Washington D.C. metropolitan area, with the potential to enhance the social infrastructure and existing fanbase.
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