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Per the report, a source close to Davis claimed
that some of the funding is coming from Israel, but a different
source said the money is really coming through the Saudi
sovereign wealth fund, which has controlling interests in sports
entities like LIV Golf and soccer clubs like Newcastle United.
The Commanders were moving forward with a $6.05 billion bid led
by Josh Harris and featuring NBA legend Magic Johnson as of late
last week, and the sale has been sent to the NFL office for
approval, several outlets reported.
Davis played one year in the NBA for the Minnesota Timberwolves.
He made his money not in pro sports but in an energy company,
Urban Echo Energy. WUSA9 in Washington reported that Davis
raised a $50 billion valuation for the company.
Davis, who previously held a minority share of the MLS club D.C.
United, would become the first Black majority owner of an NFL
team should he manage to purchase the Commanders.
"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,"
Davis wrote in his offer letter to current owner Dan Snyder,
according to WUSA9.
--Field Level Media
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