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Looks like Tom Brady’s road to becoming a part-owner of the Las Vegas Raiders is facing some unexpected bumps, according to the Washington Post.
The deal has hit a bit of a snag due to concerns over the price discount offered by Raiders owner Mark Davis
According to the report, Davis is looking to sell Brady a minority ownership stake, somewhere between 5-10% of the team. However, it’s the steep discount of about 70% that has raised concerns within the NFL’s finance committee.
While there’s support for Brady’s ownership bid, the proposed discounted rate might be a deal-breaker, according to the Post.
NEW: The NFL's approval process for Tom Brady's proposed purchase of a minority ownership stake in the Raiders is stalled, sources say, in part because of concerns about the price discount that Mark Davis is offering Brady. From @NickiJhabvala and me…. https://t.co/HWa4eEoqq3
— MarkMaske (@MarkMaske) October 5, 2023
NFL’s ownership transfers, even minority stakes, require approval from the majority of team owners, following the finance committee’s recommendation.
As it stands, unless the pricing issue sees some adjustments, Brady’s dream of stepping into NFL ownership might not materialize anytime soon.
The specific terms of Brady’s potential purchase remain undisclosed. The Raiders, valued at around $6.2 billion, are a valuable asset, and any ownership deal involving such a significant figure naturally garners attention. As of now, the ball is in Brady and Davis’s court, we’ll just have to see if they can make the necessary adjustments
Brady is the best quarterback in NFL history but it doesn’t mean he gets a pass here, even though some fans might think he should.