Mon. Feb 26th, 2024
Tom Brady has reportedly met the final requirements to become a minority owner of the Raiders.

Tom Brady is close to becoming a limited owner of the Las Vegas Raiders. The NFL Network reported that the final hurdles have been cleared for Brady’s investment. By March 4 or 5, his investment is expected to be reviewed by the league’s finance committee, with final approval happening at the NFL Annual League Meeting on March 24-27.

However, there was a delay in the process due to Brady and his group needing to increase their financial commitment to reflect the proper valuation of the Raiders. Some owners felt that Brady’s proposed investment didn’t match the current value of the Raiders, so the number needed to be raised.

In addition to his ownership stake in the Raiders, Brady has also been advising majority owner Mark Davis on team transactions and filling out staff under new head coach Antonio Pierce. He has also teamed up with Tom Wagner, co-founder of Knighthead Capital, on deals for other sports investments.

If Brady gains approval for his ownership, it will mark the official end of his playing career in the NFL as players are not allowed to have an equity stake in franchises.

By Editor

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