Tom Brady is aiming for a substantial discount because, well, he’s Tom Brady.
As per a report by Ben Volin of The Boston Globe, former NFL quarterback Tom Brady is reportedly looking to secure a 10% stake in the Raiders for a modest $175 million. This price significantly undercuts the team’s overall valuation.
While Brady’s interest in acquiring a piece of the Raiders has been widely acknowledged, the deal is still pending approval from NFL owners. Colts owner Jim Irsay has expressed concerns regarding the price of Brady’s stake, deeming it as too generous of a discount for a 10% ownership share in the franchise.
“We’re trying to work through,” Irsay said of the ongoing review of the deal. “The number just has to be a reasonable number for purchase price for Tom, is the only thing. If reasonable value says that 10% should be $525 million, you can’t pay $175 million.”
Raiders’ primary owner Mark Davis, who already shares ownership in the WNBA champion Aces with Brady, chose not to provide a comment to Volin.
RELATED: Tom Brady Defends Bill Belichick Amid Pats Coach Seemingly on Hot Seat
Furthermore, Volin observed that Brady’s broadcast agreement with Fox, scheduled to commence in 2024, is now causing complications in Davis’s sale of a stake in the Raiders to Brady. This situation contrasts with prior reports suggesting it was a non-issue.
The final resolution and approval of the sale to Brady won’t occur until December 12 and 13, during the upcoming league owners’ meeting in Irving, Texas.
Considering the added value that Tom brings with his name and brand, some argue that he may have a legitimate case for not paying the full price.
