A recreation of catch-me-if-you-can between Jed Walentas and Tom Brady’s former supervisor over a hurricane-damaged Bahamas mansion has come to an abrupt finish.
The Two Bushes Administration CEO had been making an attempt to gather a $300,000 arbitration award from Will McDonough since final July, however repeatedly did not find him for formal authorized service, court docket filings present.
On Monday, Walentas notched a win when Manhattan Supreme Court docket Justice Kathleen Waterman-Marshall licensed Walentas to serve McDonough through electronic mail and set October 27 because the date McDonough or his authorized workforce should present up at court docket to elucidate why he shouldn’t be pressured to pay about $300,000 to Walentas.
Simply two days later, the sport was over. “The matter is resolved and the continuing is being discontinued,” Matthew Hearle, an legal professional for Walentas, confirmed to The Actual Deal. It isn’t but clear whether or not McDonough agreed to pay Walentas again.
McDonough didn’t return a request for remark.
Walentas and McDonough fashioned Bunkers Investments, LLC in 2015 to construct a luxurious rental property within the ultra-exclusive Bakers Bay resort within the Bahamas, in line with court docket paperwork.
To accumulate the property and construct the mansion, the companions contributed a mixed $4.9 million. Walentas supplied $2.45 million in money, whereas McDonough put in $750,000 in money together with $1.7 million in referral credit to offset the acquisition worth. Any bills exceeding the preliminary capital, underneath their settlement, have been to be cut up equally.
The mansion was efficiently developed, however then got here a hurricane. Intensive injury required “a big infusion of recent capital to rebuild,” as insurance coverage payouts weren’t sufficient to cowl the repairs, court docket filings word.
Walentas paid “tons of of 1000’s of {dollars}” to maintain the property, whereas McDonough allegedly refused to pay his half, prompting the Two Bushes CEO to start arbitration in Could 2024.
A JAMS arbitration panel issued a $300,263 award in Walentas’s favor on July 16, 2025. One 12 months later, the developer has but to gather the money.
Walentas filed a proper petition in Manhattan Supreme Court docket to verify a JAMS arbitration award for the cash on July 9.
Nevertheless it was the third time he had executed so — two earlier instances, filed in September and March have been each mechanically dismissed as a result of Walentas’s authorized workforce did not find and serve McDonough.
Underneath New York regulation, winners of arbitration awards have precisely 12 months to ask a court docket to implement them, successfully making the third try the final likelihood for Walentas.
McDonough gained fame as Tom Brady’s de facto enterprise supervisor. Leveraging these connections into excessive finance, he became a Goldman Sachs vp representing each Brady and Gisele Bündchen. He later pivoted to the tech sector, serving as CEO of the blockchain startup iCash. Since December 2025, in line with his LinkedIn web page, McDonough has served as a particular advisor on The White Home Job Power on the FIFA World Cup 2026.
On the helm of Two Bushes Administration, the agency based by his father, Jed Walentas has redrawn Williamsburg’s skyline and repositioned the neighborhood. He turned the previous Domino sugar refinery on the Williamsburg waterfront right into a clubhouse for tech and AI firms. Two Bushes executed greater than 380,000 sq. ft of economic offers in 2025. Walentas additionally serves as chair of REBNY.
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