There was a lot of commotion when news broke out that Tom Brady will be a minority owner of the Las Vegas Raiders. Everything was fine and dandy till the 7x Super Bowl winner started his broadcasting career with FOX. It’s because external forces prohibited Brady to be a broadcaster and an owner at the same time because of the fear of information seeping through the cracks.

However, there’s some good news for TB12 because his dream is just a few steps closer to manifestation. Adam Schefter broke out the news that Brady is just a few steps from becoming a minority owner of the black and silver team. Recently, there was an owner meeting in Atlanta and it appears that Tom Brady might just get the green card.

Per Schefter’s post on X, “Tom Brady is expected to be approved as a minority owner of the Las Vegas Raiders at Tuesday’s NFL fall owners’ meeting in Atlanta, league sources told ESPN.” However, there are a lot of hoops that Brady has to jump through before he’s officially considered as the minority owner of the Raiders.

Reports suggest that Mark Davis offered Brady a 10% stake on a discounted price. Jim Irsay, the owner of the Indianapolis Colts confirmed it when he said, “that 10 percent should be $525 million, you can’t pay $175 million.” Obviously, that evaluation has changed since last May and since the Raiders are evaluated at $5.77 billion, Brady might have to pool in more resources.

Other sources suggest that Brady’s ownership application has received a positive response so far. Also, Schefter’s article suggests that the NFL’s finance committee would not be bringing Brady’s bid to the owners if it were not going to be approved. So, at this point, getting an approval from the finance committee is just a “formality.”

Brady’s proposal was revised to increase the valuation of the team and has been pending approval for the last eight months. Let’s look at the technicalities of him joining the Raiders as a stakeholder.

Tom Brady still has some obstacles in his way

Technically, Brady will only own 7% of the Raiders. That’s because he’s bringing in Tom Wagner, the co-owner of the Knighthead Capital, to join in on this venture. Wagner and Brady also own a UK based soccer club, Birmingham City FC. Per sources, Brady got a cheap deal because the Raiders are under debt and need cash to resolve that situation.

Others believe that since Mark Davis has no children, so he might be interested to pass the torch to Tom Brady. However, the Kansas City Chiefs owner Clark Hunt is still apprehensive about the idea of handing Brady the papers for such a low price. Well, that heavy discount might be because TB12 is already an investor in the Las Vegas Aces of the WNBA, owned by Mark Davis.

Things get interesting here because the 7x Super Bowl winner also has a 10-year $375 million deal with FOX, that primarily covers NFC games. As said earlier, Brady cannot step into other teams’ facilities to get scoops as a journalist because it would violate so many policies. The former NFL quarterback might be perceived as a risk to other teams in the sense that there’s a risk of information leak.

Brady’s application to become an owner is still pending, but all the signs are pointing up. As it stands, the NFL’s finance committee is supportive of Brady’s motion and will bring it to the team owners for a vote. 24 of 32 owners need to approve TB12s plea before he becomes the minority owner of the Raiders nation.