Tom Brady’s potential part-ownership of the Las Vegas Raiders is moving closer to becoming reality, but not without raising a few eyebrows. NFL insider Mark Maske reported that Brady’s deal is progressing toward an approval vote by NFL owners, either at their upcoming meeting in Atlanta or later in December in Dallas.
However, the issue of how much Brady is paying for his stake has sparked some controversy. According to reports, Brady is looking to purchase a 10% share in the Raiders, a franchise currently valued at $6.7 billion.
While his bid was initially met with concerns that he was receiving a significant discount, sources now indicate that the revised deal is “far more money” than the initial proposal. Nonetheless, some NFL owners still feel that Brady is paying less than he should for his portion of the team.
Tom Brady still would be paying less for his ownership stake in the Raiders than some owners around the league would like to see, source says, but the current deal is for far more money than what was originally proposed.
— MarkMaske (@MarkMaske) October 6, 2024
This situation follows previous reports suggesting that Raiders owner Mark Davis had offered Brady a 10% stake for $175 million, a price that was called into question by Indianapolis Colts owner Jim Irsay, who argued it was well below market value.
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While speaking on FromTheBend Hourglass, Julian Artemi weighed in on the recent developments claiming that Tom Brady might be really close to getting his vote of approval for part-ownership of the Vegas-based franchise. However, the Insider argued that as it may come much later than expected and is ‘not in a position to be finalized just now.’
If the deal goes through, Brady will become one of the few former players to hold an ownership stake in an NFL team, further extending his post-playing legacy beyond his already lucrative broadcasting contract with Fox Sports.