The NFL is finally going to approve Tom Brady’s investment to become a part owner of the Las Vegas Raiders. Brady and franchise majority owner Mark Davis reached an agreement back in May, but the NFL took a while to approve the sale because other owners were worried Davis would give Brady a lower price to join his ownership group.
But according to NFL Media, Brady’s share of the group was reduced to reflect the Raiders’ market worth, which made it possible for him to formally join the ownership group. The league’s finance committee is scheduled to meet again in March, during which time Brady’s financial pledge will be examined.
Brady’s signing with the Raiders may finally be approved during the NFL Annual League Meeting in Orlando from March 24–27. Brady’s investment reportedly rose on Thursday, according to Sportico, after several NFL owners thought his initial bid—which was made by the seven-time Super Bowl champion—was below market value.
It is anticipated that Brady’s company will purchase about 10% of the Raiders, with the retired quarterback owning about 7% of that stake. The Raiders are estimated by Sportico to be worth $5.8 billion.
Brady and Davis would be entering into their second contract in Las Vegas; Brady is already a co-owner of the Aces, a WNBA franchise in Las Vegas.
If this contract goes through, it will be formal notice that Brady won’t be playing football again. Players and other non-family employees of NFL teams are prohibited from owning financial interests in the league’s franchises.
In addition, Brady intends to be involved in the game by taking on the position of lead NFL analyst for Fox Sports, satisfying the terms of his $375 million, 10-year contract that he signed back in 2022.
By doing this, retiring tight end Greg Olsen will be replaced as Kevin Burkhardt’s broadcast partner for play-by-play. Brady just announced on his “Let’s Go” show on SirusXM, “I’m starting a big broadcasting job in September.” “I’m already working hard on trying to make sure I’m ready for that opportunity.”
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