Report: Tom Brady's NFL Ownership Bid Faces Another Setback
LAS VEGAS, NEVADA - OCTOBER 08: Las Vegas Raiders owner and managing general partner and Las Vegas Aces owner Mark Davis (L) and Tom Brady attend Game One of the 2023 WNBA Playoffs finals between the Aces and the New York Liberty at Michelob ULTRA Arena on October 08, 2023 in Las Vegas, Nevada. The Aces defeated the Liberty 99-82.
For nearly a year, former NFL quarterback Tom Brady has been trying to buy a stake in the Las Vegas Raiders.
The sale of that stake in the team hinges on approval and a vote from NFL owners, but the matter of Brady's potential ownership is not anticipated to be discussed at the next NFL owner's meeting.
According to the Washington Post, owners do not plan to address Brady's ownership when they meet next week in Orlando.
Owners reportedly have an issue with Brady's upcoming analyst job on FOX, and they worry that having a league owner commentate games involving the Raiders could be a conflict of interest.
Brady and hedge fund co-founder Tom Wagner are attempting to buy 10% of the team, but the price that current Raiders owner Mark Davis is attempting to sell it to them for is far lower than the estimated $620 million associated with the team's current valuation.
Owners are expected to discuss potential rule changes and safety measures at the next round of league meetings, but it appears that Brady's bid to buy part of the Raiders will need to wait.
The owners aren't in a hurry to add Brady as an owner, and there's not guarantee that they'll approve the sale at such a discounted rate.
Brady has started other business ventures after retirement, taking partial ownership in the WNBA's Las Vegas Aces, English soccer team Birmingham City and owning an electric boat racing team.
Brady won seven Super Bowl titles on the field, and now he's trying to make his mark off the field as an owner in the NFL. We'll see if the league's owners examine Brady's potential at future meetings.
