Tom Brady has always had amazing follow-thru.
The Retired NFL quarterback’s plan to acquire a minority ownership stake in the Las Vegas Raiders has encountered hurdles since the initial reports surfaced last spring.
The delay in finalizing the deal primarily stems from the price Brady intended to pay, which was perceived to be significantly below the team’s market value. Several NFL owners, including Jim Irsay of the Indianapolis Colts, considered Brady’s proposed purchase price of $175 million for a 10% stake from Raiders majority owner Mark Davis as unrealistic.
However, recent developments indicate that the deal may be back on track. Reports suggest that Brady’s offer has been revised to align more closely with the actual value of the team. Sportico estimates the Raiders’ value at $5.77 billion, but Brady’s updated offer is likely less than 10% of this figure ($577 million), considering factors such as team debt and typical discounts for minority stakes.
Brady plans to acquire the ownership stake alongside his partner, Tom Wagner of Knighthead Capital. The specific financial contributions from each party remain undisclosed.
The approval of Brady’s and Wagner’s purchase is anticipated at the annual NFL owners meetings scheduled for March 24–27. Before that, the NFL’s finance committee is set to review the deal on March 4 or 5.