Tom Brady has been actively pursuing a minority stake in the Las Vegas Raiders for some time, but progress has been slow due to delays in the NFL owners’ approval process.
Despite his investments and eagerness to become a part-owner in Las Vegas, including his stake in the WNBA’s Aces, which shares ownership with the Raiders under Mark Davis, Brady has encountered obstacles.
While Davis is open to selling to Brady, final approval rests with the league’s owners, who have not been in a rush to greenlight the deal. Previous reports indicated hesitation among owners, who believed Brady was securing the stake at a fraction of its true value.
Brady, along with hedge fund owner Tom Wagner, aims to acquire a 10 percent ownership share, but negotiations with Davis have stalled over the asking price, significantly lower than the team’s most recent valuation of $620 million.
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Recent reports from The Washington Post suggest that Brady’s potential ownership will not be on the agenda for the upcoming NFL owners’ meeting. This delay stems from concerns surrounding Brady’s imminent television role with FOX as the network’s lead football analyst, set to commence in 2024, replacing Greg Olsen. Owners fear a conflict of interest when Brady covers games involving the Raiders while also being a potential team owner.
As the owners prepare to discuss rule changes and safety measures, including addressing issues like the hip-drop tackle and revamping kickoff protocols, Brady’s involvement in such discussions seems premature.
Whether the owners will ultimately approve his purchase remains uncertain.
