Huge news coming from WUSA’s Eric Flack on Wednesday, just hours after Brian Davis made some bold claims in a length interview with the Sports Junkies: Davis is being sued in DC Superior Court for defaulting on a pair of loans taken out in 2019 for a total of $320,000.
“We just learned that a couple days after he submitted his bid to buy the Commanders, Davis was sued in DC Superior Court for breach of contract for the loans,” Flack revealed to Grant & Danny. “The suit says he defaulted on both and has not paid back any of the money, and the complainant is also asking for $200 a day for each day those loans were not repaid after they came due.”
Flack has reached out to the plaintiff’s attorneys for more info, but what he has learned is that it’s likely the LLC being sued, Urban Echo Capitol Heights, is one of the many Davis told the Junkies he’s registered as a new company to “keep the past in the past.”
“What we’ve found is there are a lot of Urban Echos, and I used the phrase a distinction without a difference,” Flack said. “This one is Urban Echo Capitol Heights, nut there are so many of them that they are somewhat tied together. Without being privy at this point to LLC paperwork, it’s hard to figure where the umbrella starts and ends, but this is an iteration of the company for which he claims to have made tens of billions of dollars selling his intellectual property.”
It’s curious to many – including The Team 980’s Craig Hoffman, who also chatted with Flack later Thursday, why someone worth billions would default on a $320K loan – and makes more wonder whether or not Davis is playing a shell game.
“I think that it’s very hard what Brian Davis claims to have done, which is create a billion-dollar entity under the radar without anyone knowing it,” Flack said. “Brian Davis has claimed that he has intellectual property that will solve the energy crisis, but he’s not on any tech radar or Forbes list.”
Is there a chance Davis is telling the truth? Well, there’s always SOME chance, Flack intimates.
“If you play out the chess pieces and say everything is true, meaning soup to nuts he has billions of dollars, what this looks like is that somehow, he sold IP to someone willing to give him tens of billions of dollars,” Flack said. “The NFL would then verify that, and generally speaking, if this were all true, he’d have enough money to buy the Commanders – but $20 billion doesn’t end up in a bank account by accident. There are some fairly major hoops one has to go through to acquire and maintain that.”
So, could he really finagle a way to buy the Commanders on anything less than 100 percent truth?
“Part of this process the NFL goes through is finding out where the money comes from, because they don’t want to find out that the money someone has to own a team is illegitimate in any way,” Flack said. “If they can verify it’s actually there, they would clearly take a closer look at where the money came from, assuming the money exists – because one thing we know for certain is the NFL takes its money very seriously. So, if the NFL tells me that they certify that Brian Davis has tens of billions of dollars, I will believe it – but until that happens, I will be skeptical.”
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