Former American Football Icon Tom Brady's bid to buy Stakes in Raiders could soon scale through.
Tom Brady’s pursuit of a minority ownership stake in the Las Vegas Raiders is reportedly still on track, with sources indicating a strong likelihood of approval.
According to a recent report by Mark Maske of The Washington Post, the chances of Brady’s bid being ratified are “better than 50-50.”
The NFL finance committee has been reviewing Brady’s proposal since last year. Although no vote was taken during the recent owners’ meeting in Nashville, insiders suggest that approval could come as soon as the next scheduled meeting in October.
There is also a possibility of a special meeting this summer to address this matter, potentially speeding up the approval process.
Concerns were raised late last year about the valuation of Brady’s stake, with some owners worried that the former NFL star was purchasing it at a significant discount. Despite these issues, there is optimism that the deal will eventually go through.
Brady’s move into team ownership has faced other hurdles as well, including potential conflicts of interest related to his post-football career. Nevertheless, the general sentiment among those involved remains positive, with expectations that the remaining issues can be resolved.
The forthcoming owners’ meetings will be crucial in determining the outcome of Brady’s bid. If approved, Brady would join the ranks of former athletes transitioning into ownership roles, further cementing his legacy within the NFL.
As discussions continue, all eyes will be on the NFL’s decision-making process in the coming months, with the possibility of Brady officially becoming a part-owner of the Raiders by this fall.
