Tom Brady has been planning to buy Raiders shares for about a year and a half. Now the NFL legend’s wish is likely to come true.
In May 2023, NFL legend Tom Brady had agreed with the Las Vegas Raiders to buy shares in the franchise. Almost a year and a half later, after Brady had once again improved his offer, the seven-time Super Bowl winner’s request is now likely to be heard.
According to ESPN, Brady is expected to be approved as a minority owner of the Raiders at today’s NFL owners’ meeting.
The league’s finance committee had reviewed the former athlete’s offer and plans to present it to the other owners for a vote. Approval from 24 of the 32 owners is required to approve the deal.
According to the report, the committee would not present Brady’s offer at all if it were not approved in the vote. This seems to be only a formality.
The finance committee had already unanimously approved Brady’s request. According to ESPN, it is virtually out of the question that the owners would go against the committee’s recommendation.
Brady as minority owner of the Raiders
Tom Brady, together with businessman Tom Wagner, wants to acquire around ten percent of the Raiders shares from owner Mark Davis. “We are pleased that Tom is coming to the Raiders,” Davis told the broadcaster when the offer became known: “And it’s exciting because he will only be the third player in NFL history to be an owner.”
The other two are George Halas and Jerry Richardson.
Brady had already signed a ten-year contract with the US channel Fox before his last NFL season in 2022 and has been working there as an analyst since this season. Recently, there has been a stir because as a TV expert and team owner, a conflict of interest is inevitable.
This means that if Brady officially becomes the owner, he will no longer be allowed to publicly criticize referees, for example. According to ESPN, a document from the league to the clubs with the title “Brady – Broadcast Restrictions” was recently sent for this reason.
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