NFL Rumors: Tom Brady’s Raiders Ownership Deal ‘Progressing’ Toward Approval

Joseph Zucker@@JosephZuckerFeatured Columnist IVOctober 7, 2024

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Retired quarterback Tom Brady’s bid for an ownership stake in the Las Vegas Raiders is “progressing toward a potential approval vote,” according to the Washington Post’s Mark Maske.

Maske cited a source Saturday who said the deal isn’t completed but that league owners would “like to see it happen.”

Brady has encountered some hurdles throughout his pursuit to become a minority stakeholder in the Raiders.

A 2023 rule approved by team owners precludes him from being an employee of the franchise, so he can’t work in any sot of executive capacity. Then, other owners raised concerns the 47-year-old was getting too good of a deal and paying a price that significantly undervalued the Raiders. His burgeoning media career presented another issue as his comments in the broadcast booth will need to be moderated differently.

Brady is nothing if not persistent.

In September, NFL Network’s Ian Rapoport reported the seven-time Super Bowl champion could receive his final approval by the end of the 2024 season. Maske followed up Monday to write a resolution could arrive as early as this month with the NFL finance committee due to meet on Oct. 15.

On the topic of the dollar figure involved, Maske reported Brady “would pay less for his ownership stake than some owners around the league would like to see, but the current deal is for far more money than originally proposed.”

CNBC’s Michael Ozanian valued the Raiders at $7.8 billion, the fifth-highest valuation in the NFL, ahead of the regular season.