NFL owners have reportedly made a decision on Tom Brady’s bid to become part owner of the Las Vegas Raiders.
The legendary quarterback initially agreed to become the team’s limited partner in May 2023, but the move has not yet been finalized.
However, this is expected to change at the fall owners’ meetings ESPN’s Adam Schefterwith the required 24 of 32 owners expected to approve his purchase of approximately 10 percent of the team.
A source told ESPN that Brady’s offer would not be submitted to the league’s finance committee if it was not approved – a decision that was labeled a “formality” at the time.
Brady’s ownership bid was reportedly previously unanimously approved by the league’s finance committee.
Tom Brady’s bid to own part of the Las Vegas Raiders is set to be approved this week
The NFL did not immediately respond to Mail Sport’s request for comment.
It’s been over a year since Brady agreed in principle to become owner of the Raiders, but the process was held up due to reported concerns about the discounted price the quarterback received from Raiders owner Mark Davis.
The WashingtonPost was previously told that Davis had offered Brady as much as a 70 percent discount at one point.
The franchise is valued at $6.7 billion Forbes.
Another area of concern is and was Brady’s role as the NFL’s lead analyst at Fox Sports.
Unlike the normal access granted to TV broadcasters, he is not allowed to attend training sessions, be at another team’s location or attend production meetings.
Brady has purchased a minority stake in the Las Vegas Raiders from owner Mark Davis
Brady is also not allowed to criticize officials.
He previously told the AP that his role with the Raiders would be “very passive.”
‘This isn’t something I’ll be working on for a year or two. You know, I have a lot of responsibility with my job at Fox, which I take very seriously,” he said.
“But as I look at the course of my life, to have the opportunity to be involved in the NFL is a dream come true. And if I could help the NFL and continue to contribute in a positive way, that’s been a really fun part of my life.”
Brady is also a minority owner of the WNBA’s Las Vegas Aces.