- Reports of Brady, 46, attempting to take over the Raiders emerged in May.
- He has recently emerged as a potential short-term replacement for Aaron Rodgers.
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Tom Brady’s bid to become a minority owner of the Las Vegas Raiders could be decided next month, as fears of red tape threatening to delay, and possibly derail, the NFL legend’s plans emerge.
Reports that Brady, 46, had acquired a minority stake in the Raiders, who have been based in Las Vegas for three years now, emerged in May, but the purchase has not yet been finalized, according to the league itself. even.
A vote to decide the issue could take place as early as the league’s fall meeting next month, a source told league officials, but there is still much to be said regarding financing and much information about the transaction it -even are still necessary.
There’s no guarantee the process will be complete by October, which means the Winter League meeting in December might be a better deadline for Brady to finally and firmly move on from being one of the best players in NFL history to being the owner of a minority team in the region. league.
Additionally, an appearance on an NFL team would effectively bar the seven-time Super Bowl champion from playing again — for the Raiders or anyone else — under the league’s recently updated laws.
Tom Brady’s bid to buy minority stake in Las Vegas Raiders could be decided next month
The Raiders are currently owned by Mark Davis, who had planned to employ Brady as part of a deal for the NFL icon to join the team.
In May, it was reported that Brady’s attempt to join the Raiders’ ownership team had hit a snag after the discovery of the NFL’s new no-equity rule, which prevents team employees who do not are not family members to receive shares in a franchise. .
Raiders owner Mark Davis had planned to employ Brady in a deal that allowed the NFL icon to acquire equity in the team against the then-proposed no-equity rule during in the summer, during a special meeting to approve the sale of the Commanders to Josh Harris.
Brady, who did not receive a call from the New York Jets after Aaron Rodgers’ season-ending injury, according to league officials, once called the opportunity to invest in the Raiders a ” dream come true” and that he played a “passive role” within the organization.
“If I look at the course of my life, having the opportunity to be involved in the NFL is a dream come true,” Brady told the Associated Press in June.
“And if I could help the NFL and continue to contribute in a positive way, then you know, that would have been a very enjoyable part of my life.”
Brady, far right, chatted with Cowboys owner Jerry Jones, center, and Davis, far left.
Brady reportedly has no interest in playing again after his second retirement in February. It is widely believed that he would have turned down a chance to replace Rodgers if the Jets had considered him as a short-term replacement.
“All our lives take us on different journeys. They take us to different places. They bring different people into our lives,” Brady said at halftime of the Patriots’ Week 1 loss to the Eagles, the date New England honored his former quarterback, on Sept. 10 .
“But one thing I know for sure, and this will never change, is that I am a patriot for life.”
Brady is already an investor in the Las Vegas Aces, the WNBA and English soccer club Birmingham City FC.
He also owns a wellness brand (TB12) and a film and television production house (Religion of Sports), among other companies in his portfolio.