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Tom Brady’s wait to become minority owner of the Raiders appears set to continue, with NFL owners not expecting to vote on his offer at next week’s meetings, according to a new report.
Brady, who retired from football in February 2023, reached a deal with Las Vegas owner Mark Davis to become part owner of the team last May.
Ten months later, however, Brady still isn’t an official owner of the team, and that won’t change next week “barring any last-minute changes,” according to the Washington Post – with growing concerns about the finances behind the deal.
Brady and Tom Wagner are trying to buy about 10 percent of the Raiders, although there are concerns about the steep discount Davis offered Brady — which a source told the Post was as high as 70 percent last year .
The franchise is worth $6.2 billion according to Forbes.
Tom Brady’s deal to buy a piece of Mark Davis’ Raiders appears to have hit a snag
Davis Reportedly Offering Huge Discount to Former Patriots and Bucs Quarterback
The publication also cited Brady’s upcoming role as Fox’s lead NFL analyst as a concern for some and a potential conflict of interest.
A source told the Post that other team owners might be “reluctant” to allow Brady into their practice facilities for his broadcasts.
Brady will begin his role at Fox this fall after signing a 10-year, $375 million contract with the network last year.
Additionally, the owners agreed in July to prohibit team employees who are not members of the owner’s family from becoming minority shareholders in the franchises. This rule could also cause complications in the agreement.
Brady needs the deal to be approved by at least 24 of the 32 owners.
Brady’s deal to buy part of the Las Vegas Raiders likely won’t be voted on next week.
The Raiders went 8-9 last season, winning five of their last nine games under interim coach Antonio Pierce (who has since been given the job permanently)
After the owners meet in Nashville next week, they won’t see each other again until May in Nashville.
A source told the Post it might be “time to fish or cut bait.”
Brady and Davis have already joined forces to strike a deal allowing the former quarterback to purchase part of the WNBA’s Las Vegas Aces, which Davis also owns.
This agreement was announced last March and approved by the WNBA in October.
Brady earned more than $330 million in playing salary during his 23-year career.