Tom Brady’s bid for minority ownership of the Las Vegas Raiders remains alive and well, according to a new report.
Mark Maske of The Washington Post reported Wednesday that it is still viewed as “better than 50-50” that Brady’s ownership bid will ultimately be ratified. Maske added that it is possible for this to happen at the next owners meeting in October, though there is a chance a special meeting could take place at some point in the summer to deal with private equity investment.
Tom Brady's deal for part-ownership of the Raiders has been pending before the NFL finance committee since last year. The owners took no approval vote at their meeting last week in Nashville. But a source said there is still a better than 50-50 chance the deal will be ratified.
— MarkMaske (@MarkMaske) May 29, 2024
The next scheduled owners' meeting is in October. Tom Brady's deal for Raiders part-ownership potentially could be approved then by the owners. There also is a chance, it appears, of a special owners' meeting being scheduled this summer, perhaps for a vote on private equity.
— MarkMaske (@MarkMaske) May 29, 2024
Brady’s bid has been pending for a very long time. Concerns arose late last year, however, that Brady was purchasing his stake at a heavily discounted price, which was a concern for other owners. Little movement has taken place since, though everyone involved still seems to think the deal will ultimately happen.
There are also some other issues to work through before Brady’s purchase can be finalized. For instance, there are some conflict of interest concerns in relation to Brady’s new career.
