Urban Echo Energy, owned by former Duke basketball player Brian Davis, has filed a civil lawsuit against Bank of America related to the sale of the Washington Commanders.
Per Jason Morrin of Conduct Detrimental, the company's lawsuit alleges it made a $7.1 billion offer for the Commanders that would have been accepted by Daniel Snyder, but Bank of America failed to properly notify him of the bid.
A.J. Perez of Front Office Sports reported the company is seeking $500 billion in damages and alleged in the lawsuit $5.1 billion had been deposited with Bank of America in two different transfers for the transaction.