Josh Harris = New Owner!?

[MTK]

Brian Davis talks about his bid for the Commanders

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.

[irish]

Originally Posted by MTK

Brian Davis talks about his bid for the Commanders

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.

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.

[Schneed10]

Originally Posted by MTK

Brian Davis talks about his bid for the Commanders

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.

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.

[MTK]

Originally Posted by Schneed10

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.

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

[Schneed10]

Originally Posted by MTK

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

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.

[irish]

Originally Posted by Schneed10

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.

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.

[MTK]

Originally Posted by irish

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.

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

[irish]

Originally Posted by MTK

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

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.