Raiders Submit Tom Brady’s Minority Ownership Bid to the NFL
Tom Brady is back in the NFL, and he’s nearing a deal with the Raiders!
No, he’s not coming out of retirement again. Well, as a player, anyway. As reported earlier this month, Brady wants to become a minority owner of the Las Vegas Raiders. According to Adam Schefter, Brady and Raiders owner Mark Davis have agreed on a bid to make that happen.
“We have come to an agreement for Tom Brady to become a partner in the Raiders, and we have submitted it to the NFL for approval. We’re excited for Tom to join the Raiders.”
Of course, the two sides must wait for the NFL’s approval for the deal to be finalized. However, it’s been agreed upon by both sides and from available reports, it doesn’t sound like there should be any issues.
If approved, this will mark the second Brady-Davis partnership of the year. Brady and the Raiders owner already became partners when Tom Brady previously bought ownership stakes in the Las Vegas Aces of the WNBA. Brady announced purchasing a stake in the WNBA’s Las Vegas Aces ownership in March. Davis is the primary owner of the WNBA’s defending champions.
According to the ESPN report earlier this month, Brady’s stake in the Raiders would be “passive” and include no operational control or authority over the club in business or football matters. ESPN could reach neither the Raiders nor Tom Brady’s agent for comment on the story.
Brady’s 10-year, $375 million contract with FOX is set to begin in 2024. People outside of Brady’s team have been expressing doubts about his commitment to the deal lately. According to the ESPN report, FOX has “blessed” the potential arrangement between Brady and the Raiders.
