Tom Brady’s bid to own a stake in Las Vegas Raiders hits another roadblock

For the ownership deal to be proved, Tom Brady would need at least 24 owners out of 32 votes in his favor. 

Tom Brady’s bid to own a stake in Las Vegas Raiders hits another roadblock

Tom Brady (Via Imago)

Looks like the NFL owners aren’t ready for Tom Brady to have a piece of the Las Vegas Raiders. So far, his contract deal has yet to receive a green signal from the owners. 

A source close to the Washington Post revealed what happened to the seven-time Super Bowl champion’s attempt to acquire a minority stake in the Raiders. The attempt is expected to have no votes from the NFL owners at next week’s annual league meeting. After retiring from the NFL, Brady has continued to expand his investment portfolio. 

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This deal of Las Vegas Raiders under principal owner Mark Davis is an integral part of it. But for now, it is on hold with the possibility of last-minute alterations next week. 

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This isn’t the first time Brady’s contract hit a roadblock. Earlier, the finance committee told him his bidding price was below the market value. That’s when he increased his bid for ten percent of the franchise and hoped it would gain swift approval from the NFL owner in the upcoming week. 

The NFL legend’s deal has remained under view for the past ten months. For the ownership deal to be proved, Brady would need at least 24 owners out of 32 in his favor. 

Tom Brady’s FOX sports deal creates complications with Raiders ownership

But that’s not the only issue with the former NFL quarterback’s deal. Some owners have raised their concerns about Brady joining FOX Sports. He is set to fill in the shoes of Greg Olsen in 2024 as the lead football analyst. 

NFL legend Tom Brady Raiders
NFL legend Tom Brady (Via Imago)

If he acquires the Raider’s minority stake, begins his broadcasting job, and potentially has to call games for Las Vegas, then it would create a huge conflict of interest. This is why his decision to become a part-time owner is becoming more complex. 

The upcoming meetings of the NFL owners are mainly focused on potential rule changes, and the safety protocols ought to be taken into consideration. Despite the continuous speculations, Brady’s ownership bid subsequently remains absent from their agenda. It reflected the concerns raised among the decision-makers.

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