Earlier reports noted that the deal to sell the Washington Commanders to a group led by Josh Harris was all but done. But it appears that’s not quite the case, at least not just yet.
Harris, who already owns the NBA’s Philadephia 76ers, as well as the NHL’s New Jersey Devils, was reported to have reached an agreement to buy the Commanders for $6.05 billion from Dan Snyder. But a new bit has surfaced with claims of former NBA player Brian Davis submitting a $7 billion cash owner.
According to Darren Hayes of WUSA9, Davis raised the capital by selling his own intellectual property, with investors realizing he had an IP worth $50 billion.
Should any of the sales go through, they would mark the most expensive team sale in sports history. But, should Davis become the one who lands the team, he would become the first black owner in NFL history.
Documents obtained by the aforementioned source note that Davis is willing to pay the first $1 billion to Snyder within the first $24 hours, with the remainder to be paid within the next seven days. He’s also understood to be willing to indemnify the current owner by taking on any liability attached to the Commanders and the ongoing investigation.
Snyder has made indemnification one of his conditions for selling the franchise, with other NFL owners understandably balking at the demand.
