Re: Josh Harris = New Owner!?
 

[quote=rocnrik;1340728]This whole sale is gonna crash … I’ll be shocked if Snyder even sells the team within years .. now you got others involved with bids and somewhat big question marks about financials … I could very well see this sale being a total crap show of lawyers/lawsuits and Snyder sitting back giving everyone the finger … I don’t trust any of this to ge well ..[/quote]

I get the skepticism to a point, but people have been saying this wouldn't happen since last Fall and here we are on the goal line ready to punch it in. It's going to happen. The Brian Davis bid isn't anything to be taken seriously, it's laughable to think the league would even consider doing business with this guy.

Re: Josh Harris = New Owner!?
 

[QUOTE=MTK;1340730]I get the skepticism to a point, but people have been saying this wouldn't happen since last Fall and here we are on the goal line ready to PUNCH IT IN [emoji3037]. It's going to happen. The Brian Davis bid isn't anything to be taken seriously, it's laughable to think the league would even consider doing business with this guy.[/QUOTE]


Agreed. Brian Davis is an absolute joke. Not sure how the guy isn’t in jail, and thanks for the shout out. Lol.

Re: Josh Harris = New Owner!?
 

[URL="https://profootballtalk.nbcsports.com/category/rumor-mill/"]Brian Davis talks about his bid for the Commanders[/URL]

The mistake that everyone covering this story seems to be making is overlooking the fact that, regardless of where the rest of the money comes from, Davis needs to buy 30 percent of the team on his own. He needs to have $2.1 billion, on his own without loans or investments.

Of the various stories that have emerged in recent days, none have indicated that Davis has $2.1 billion, in liquid cash, along with enough other resources to step in and run the team.

Re: Josh Harris = New Owner!?
 

[quote=punch it in;1340732]Agreed. [B]Brian Davis is an absolute joke.[/B] Not sure how the guy isn’t in jail, and thanks for the shout out. Lol.[/quote]

Just listened to Davis on The Sports Junkies. He sounded like a total shyster. I never heard an interview with more double talk and lingo.

Re: Josh Harris = New Owner!?
 

[quote=MTK;1340733][URL="https://profootballtalk.nbcsports.com/category/rumor-mill/"]Brian Davis talks about his bid for the Commanders[/URL]

The mistake that everyone covering this story seems to be making is overlooking the fact that, regardless of where the rest of the money comes from, Davis needs to buy 30 percent of the team on his own. He needs to have $2.1 billion, on his own without loans or investments.

Of the various stories that have emerged in recent days, [B]none have indicated that Davis has $2.1 billion, in liquid cash[/B], along with enough other resources to step in and run the team.[/quote]

He said on the Junkies he has the money, what he couldn't say is how he got the $. As best I could understand he seems to think his intellectual property is worth $7B.

Re: Josh Harris = New Owner!?
 

[quote=rocnrik;1340728]This whole sale is gonna crash … I’ll be shocked if Snyder even sells the team within years .. now you got others involved with bids and somewhat big question marks about financials … I could very well see this sale being a total crap show of lawyers/lawsuits and Snyder sitting back giving everyone the finger … I don’t trust any of this to ge well ..[/quote]

My guy, stay in your lane, you're overthinking. It's going to go through because:

1) $6B is still a record for the most an organization has ever sold for

2) it didn't sell for more because of two very important and very real reasons:

a) interest rates have increased significantly in the last year, increasing the cost of borrowing by lots. Just like in the housing market, when mortgage rates go up the home price decreases.

b) prices of these franchises have reached levels where there are only 50 people in the world who have enough liquidity just laying around to make the NFL's 30% minimum equity threshold. And people beyond those 50 who have assets they could liquidate, generally don't want to liquidate assets to purchase a franchise. They would rather add to their empire. All this is to say: the NFL's rules for minimum equity threshold are archaic, they were written in a time when franchises sold for a handful of millions and the number of people liquid enough to buy in was a lot higher than 50.

3) Harris has already been vetted by the NFL, presumably this was the structure he almost won with last year when bidding on the Broncos, before the Waltons swooped in with a higher offer.

and finally 4) The owners want Dan Snyder gone and if they can get a fair price rather than a great price, they'll flex on rules because of the ROI they'll reap on having an owner in the Washington market who can bring it back. The entire NFL wants our attendance to go up, our merchandise to sell, and a new stadium. They all stand to pick up returns on seeing Snyder out. Any deal that's good enough is good enough.

Re: Josh Harris = New Owner!?
 

[quote=MTK;1340733][URL="https://profootballtalk.nbcsports.com/category/rumor-mill/"]Brian Davis talks about his bid for the Commanders[/URL]

The mistake that everyone covering this story seems to be making is overlooking the fact that, regardless of where the rest of the money comes from, Davis needs to buy 30 percent of the team on his own. He needs to have $2.1 billion, on his own without loans or investments.

Of the various stories that have emerged in recent days, none have indicated that Davis has $2.1 billion, in liquid cash, along with enough other resources to step in and run the team.[/quote]

He also didn't survive Bank of America's vetting process. He won't even be presented as an option to Dan Snyder, let alone an option to the NFL.

Re: Josh Harris = New Owner!?
 

[quote=Schneed10;1340742]He also didn't survive Bank of America's vetting process. He won't even be presented as an option to Dan Snyder, let alone an option to the NFL.[/quote]

aka not even worth talking about, it's disappointing that some in the media have been reporting on this as if it's remotely legit

Re: Josh Harris = New Owner!?
 

[quote=MTK;1340744]aka not even worth talking about, it's disappointing that some in the media have been reporting on this as if it's remotely legit[/quote]

Agree.

There's 1) what you know you know, 2) what you know you don't know, and 3) what you don't know you don't know.

With those media members you're referencing they don't have a very big #2, but they have a very big #3. Knowing what you don't know is entirely in your control and it's lazy to not think about it.

If they were thinking about it, they'd know they're not experts on financing and the NFL's equity requirements, and they'd ask somebody who is.

That's why I keep coming back to credibility. Guys like Schefter, Keim, Standig etc know what they don't know, and they ask others before they report it. Others just run with it and end up looking like an idiot.

There's a reason the phrase "I know enough to be dangerous" exists.

Re: Josh Harris = New Owner!?
 

[quote=Schneed10;1340742]He also didn't survive Bank of America's vetting process. He won't even be presented as an option to Dan Snyder, let alone an option to the NFL.[/quote]

Based on this morning's interview BD said today he's sending Bank of America a signed affidavit that shows he has the money he says he has and its from legit sources. Maybe this is a new BoA vetting process or a continuation of the old one but according to BD he's still being vetted.

Re: Josh Harris = New Owner!?
 

[quote=irish;1340749]Based on this morning's interview BD said he's sending Bank of America a signed affidavit that shows he has the money he says he has and its from legit sources. Maybe this is a new BoA vetting process or a continuation of the old one but according to BD he's still being vetted.[/quote]

Given his history there's no reason to believe him.

Re: Josh Harris = New Owner!?
 

[quote=MTK;1340750]Given his history there's no reason to believe him.[/quote]

I agree. I recommend listening to the interview, it will blow your mind. The Junkies are on 106.7 the fan or the audacy app.

Josh Harris = New Owner!?
 

[url]https://commanderswire.usatoday.com/2023/04/19/washington-commanders-sale-brian-davis-dan-snyder-josh-harris/[/url]

Dude is an absolute shyster.

Re: Josh Harris = New Owner!?
 

May 22nd cannot get here soon enough. Cannot wait for this thing to cross the finish line. I'm going to buy a Josh Harris poster when this is all said and done.

Re: Josh Harris = New Owner!?
 

[quote=punch it in;1340753][url]https://commanderswire.usatoday.com/2023/04/19/washington-commanders-sale-brian-davis-dan-snyder-josh-harris/[/url]

Dude is an absolute shyster.[/quote]

I have a feeling he will file a discrimination lawsuit when his bid is rejected by the NFL. I would not be surprised if he throws a wrench into the sale process.

Re: Josh Harris = New Owner!?
 

Davis won't even get by the BoA vetting process to be formally rejected by the league. He's not even going to get a foot in the door to have a leg to stand on with a lawsuit.

Re: Josh Harris = New Owner!?
 

[QUOTE=MTK;1340759]Davis won't even get by the BoA vetting process to be formally rejected by the league. He's not even going to get a foot in the door to have a leg to stand on with a lawsuit.[/QUOTE]


This is all just publicity for him. Good publicity because nobody knew who he was before it. Bad publicity because everyone knows he is a con artist now.

Re: Josh Harris = New Owner!?
 

[url]https://www.yahoo.com/sports/comparing-dan-snyder-record-owner-090048274.html[/url]

I remember working in a Radio Shack in Texarkana when I heard the news he died. I wanted to puke. I miss the Squire.

Re: Josh Harris = New Owner!?
 

[quote=CrustyRedskin;1340764][url]https://www.yahoo.com/sports/comparing-dan-snyder-record-owner-090048274.html[/url]

I remember working in a Radio Shack in Texarkana when I heard the news he died. I wanted to puke. I miss the Squire.[/quote]

People live in homes made of leaves pulled from bananas
Others houses are colorful made from wax crayons
My friend's place is remote control, but she don't know where that is
Some things live in gopher holes somewhere in Texarkana

I know a guy who claims that he is from a different planet
My friend's house is nice but she will still take that for granted

Re: Josh Harris = New Owner!?
 

Years ago I was visiting my Dad in VA and he took me to see Cooke's grave. I was amazed he's buried in a very nondescript church cemetery with a modest marker.

Re: Josh Harris = New Owner!?
 

@JPFinalayNBCS
Wow -
@MikeOzanian
says Joe Gibbs might be a limited partner in the Josh Harris group. Not verified yet - "Others have told me that Joe Gibbs is a limited partner too." That would be a SLAM DUNK

Re: Josh Harris = New Owner!?
 

If you’re Snyder, you want two things. One thing is certain.

(1) to walk away with what you consider a good deal and a boatload of cash,

and which of these?

(2a) a new owner who will succeed in creating a perennial playoff contender, bringing glory to the team you grew up being a passionate fan of

* or *

(2b) a new owner who will fuck things up worse than you did, perennially winning 2-5 games over the course of the next 20 years.

Pretty sure it’s 2b.


Sent from my iPhone using Tapatalk

Re: Josh Harris = New Owner!?
 

[quote=MTK;1340772]@JPFinalayNBCS
Wow -
@MikeOzanian
says Joe Gibbs might be a limited partner in the Josh Harris group. Not verified yet - "Others have told me that Joe Gibbs is a limited partner too." That would be a SLAM DUNK[/quote]

THAT would be great news.

Re: Josh Harris = New Owner!?
 

[quote=HTTR;1340773]If you’re Snyder, you want two things. One thing is certain.

(1) to walk away with what you consider a good deal and a boatload of cash,

and which of these?

(2a) a new owner who will succeed in creating a perennial playoff contender, bringing glory to the team you grew up being a passionate fan of

* or *

(2b) a new owner who will fuck things up worse than you did, perennially winning 2-5 games over the course of the next 20 years.

Pretty sure it’s 2b.


Sent from my iPhone using Tapatalk[/quote]

I honestly think out of those two options it would be 2a. He's a schmuck for sure, and probably not a good person in general, but I do believe he was/is a fan...he just let that cloud his vision and judgment from the get-go, making bad decision after bad decision based on his fandom rather than based on good business principles.

But I don't care what he wants at this point. Just get the fuck outta here with your boatload of cash...

Re: Josh Harris = New Owner!?
 

Davis owning an NFL franchise = LIV part 2

Re: Josh Harris = New Owner!?
 

[QUOTE=HTTR;1340773]If you’re Snyder, you want two things. One thing is certain.

(1) to walk away with what you consider a good deal and a boatload of cash,

and which of these?

(2a) a new owner who will succeed in creating a perennial playoff contender, bringing glory to the team you grew up being a passionate fan of

* or *

(2b) a new owner who will fuck things up worse than you did, perennially winning 2-5 games over the course of the next 20 years.

Pretty sure it’s 2b.


Sent from my iPhone using Tapatalk[/QUOTE]


It probably is 2b, but it isn’t possible to fuck things up more than he did on and off the field. Literally not possible.

Re: Josh Harris = New Owner!?
 

[quote=Schneed10;1340769]People live in homes made of leaves pulled from bananas
Others houses are colorful made from wax crayons
My friend's place is remote control, but she don't know where that is
Some things live in gopher holes somewhere in Texarkana

I know a guy who claims that he is from a different planet
My friend's house is nice but she will still take that for granted[/quote]

Lol nice Schneed. I had to youtube that song. I cant get that time back lol.

Re: Josh Harris = New Owner!?
 

gibbs sold his interest in carolina when he came to coach right? so that'd make sense and, either way, still a good guy to have around.

Other "bid" is publicity for his green energy thing that he's saying is LEEDS but isn't and his claim of 50b in valuation... how does that happen? easy, create 500,000 shares of a company, sell 1 share to yourself (through a strawman) for $10k, boom, $50b company. Or do it through buybacks with similar basic results (part of SBF's silliness). Rich people do a sorta similar thing with art (exclusive deal with young artist, pay art reviewers to write glowing reviews, strawman bid up the value of one piece, etc). Then hide it in a crate at an airport so you have low volume/high density emergency cash if you ever need to skip out of a country quick. It's actually a thing. (Fake valuations are a big business for intangible/unique assets).

I'm simplifying a bit, but saying that that could be a "truthful" statement that really has no truth to it at all if someone vetted the financials. Dude couldn't get $250m together 10 years ago for a basketball team and has been sued (and lost) multiple times for non re-payment of loans. He's just looking for suckers.

Re: Josh Harris = New Owner!?
 

[URL="https://profootballtalk.nbcsports.com/2023/05/02/nfl-might-give-conditional-approval-to-josh-harriss-bid-for-commanders/"]NFL might give “conditional approval” to Josh Harris’s bid for Commanders[/URL]

Re: Josh Harris = New Owner!?
 

[quote=MTK;1341602][URL="https://profootballtalk.nbcsports.com/2023/05/02/nfl-might-give-conditional-approval-to-josh-harriss-bid-for-commanders/"]NFL might give “conditional approval” to Josh Harris’s bid for Commanders[/URL][/quote]

I saw this. Mentioned the last step of approval that makes it official might not be until August now. Snyder is involved, so of course this process will be as long and shitty as possible. He's trying to weasel out of any accountability for all the shit that happened under his watch.

Re: Josh Harris = New Owner!?
 

Just found the Perfect song when Dan Synder is Offically removed as the owner...

[URL]https://music.youtube.com/watch?v=uSiHqxgE2d0&feature=share [/URL]

Sent from my SM-G975U1 using Tapatalk

Re: Josh Harris = New Owner!?
 

Ian Rapoport on Twitter

The #Commanders and Josh Harris have a deal.

[url]https://twitter.com/RapSheet/status/1657117669743644682?t=XcfLYEy9PI9fxsrMvzJtgg&s=19[/url]

Re: Josh Harris = New Owner!?
 

Adam Schefter on Twitter

The purchase and sale agreement calls for Josh Harris and partners to acquire the Washington Commanders from the Snyder family. The agreement is subject to NFL approval as well as the satisfaction of customary closing conditions.

Re: Josh Harris = New Owner!?
 

JP Finlay on Twitter

Asked Commanders source if this is an exclusive agreement between the Snyders and Josh Harris, “signed agreement. Final.”

Re: Josh Harris = New Owner!?
 

[quote=kct1975;1341728]Just found the Perfect song when Dan Synder is Offically removed as the owner...

Sent from my SM-G975U1 using Tapatalk[/quote]

Or this...

[YT][url]https://www.youtube.com/watch?v=tw429JGL5zo&ab_channel=LudacrisVEVO[/url][/YT]

Re: Josh Harris = New Owner!?
 

Another article. Quite a good one.

[URL="https://www.espn.com/nfl/story/_/id/37661016/josh-harris-sees-commanders-windfall-dan-snyder"]https://www.espn.com/nfl/story/_/id/37661016/josh-harris-sees-commanders-windfall-dan-snyder[/URL]

Re: Josh Harris = New Owner!?
 

Nice article. It sounds like Harris and the group are making a big bet on this move based on the future expectations.

Re: Josh Harris = New Owner!?
 

Even Snyder has to know there will be a huge bump due to his departure.

Re: Josh Harris = New Owner!?
 

Sucks that it looks like we'll be going into the season without the sale being completed. Was hoping last season would be Snyders last.

Re: Josh Harris = New Owner!?
 

[quote=nonniey;1342131]Sucks that it looks like we'll be going into the season without the sale being completed. Was hoping last season would be Snyders last.[/quote]



All that is needed is an Owners ok and it's a done deal!