After $175 Million Raiders’ Bid Hits Roadblock, What Are Tom Brady’s 4 Available Options in His Pursuit to Buy an NFL Team?

Tom Brady is cruising along nicely in his second stretch after calling curtains to a glorious 23-year-old career. With the momentous records being broken, new ones made, and now a legacy enchants the legend. He now quietly moves into the investment and ownership scheme of things post-retirement. After widening his love for sports by becoming a minority owner of WNBA side Las Vegas Aces.

He was looking set for another Las Vegas connection by gaining the part-ownership of Raiders. However, there seems to be a massive roadblock in making Brady’s wish come true since the 15X Pro-Bowler might have to wait for some time. So what’s the Raiders’ issue and how does Tom Brady come into the picture?

Understanding the Raiders’ situation

There were a few eyebrows raised when Brady attempted to purchase a minority stake in the Las Vegas Raiders, and a few concerns were raised by the Raiders’ stakeholders. While Tom Brady is a distinguished member of the NFL arena, he’ll have to wait for his turn. It’s been almost a year since the 7X Sb winner has been waiting for part ownership of the NFL franchise.

The issue seems to be getting intense as the days progress. Currently, the NFL’s finance community also seems involved in the decision-making process as the final call for the bidding needs to be made. Ideally, the issue should have been sorted by now but the green light for the bidding still needs to be provided. There are a few other teams that have shown interest in the ownership.

The price dispute dilemma amid the bidding

Tom Brady’s purchase of the minority ownership hasn’t advanced since May this year. One of the main reasons is the discounted price Brady received for the stake in the franchise. As per the Washington Post, Brady received somewhere between 5% to 10% of the team’s stake. Moreover, he’s getting that at a much-discounted price, nearly 70%!

Of course, this low price doesn’t sit well with the owners, and they’re going into a disagreement with the finance committee of the NFL. It all goes back to the statement that “it can be sold at this price”. Now this has added a new flavour to the bidding discussion and the need for a revamp in the numbers. On the positive side, there are a few other options for Brady to choose from if the Raiders deal doesn’t come into reality.

Tom Brady’s options beyond Raiders for owning an NFL team

For the time, the Raiders’ issue is solved, and Brady has several other options to realize his ownership dreams. He currently has as many as 4 teams looking to go on a sale shortly.

These include-

New Orleans Saints

The New Orleans Saints are expected to go under the hammer soon. While the time frame seems questionable, they might just go with the bidding. The succession plan was revealed by the team’s owner in an interview with the New Orleans Times. She remarked that the team will be sold when she passes away. The current 75-year-old Gayle Benson got the ownership after the death of her husband.

Seattle Seahawks

The second side on course to getting sold is the Seattle Seahawks. While there are no direct signs that the franchise looking to transfer its ownership, it might be a possibility in the future. Seahawks are currently owned by Jody Allen, the wife of the late Paul Allen. Moreover, it’s part of the Paul Allen Trust that is once again under the name of Jody. As revealed by the wife, the assets of the trust must be liquidated after Paul’s death. Additionally, the monetary values need to be utilized for other passion projects.

Chicago Bears

Chicago Bears owner Virginia McCaskey is currently 99 years old and will touch 100 next year. McCaskey hasn’t listed out a set of directions regarding the future of the franchise post her death. As per the inside reporters, the Bears would undergo auctions and look for a prospective owner.

Los Angeles Chargers

There’s a certain mystery that surrounds the Chargers and their future ownership. Dean Spanos, the owner has clearly stated that he won’t be selling the franchise to anyone. However, it might be subject to change given that he’s involved in several legal disputes. While Spanos Sr.’s four children are equal owners of the team, the rest of the ownership is handed over to a trust. Moreover, this trust is now laden with debts which could force them to look for another owner.

However, there’s a price dispute issue that needs to be resolved first.

The price dispute dilemma amid the bidding

Tom Brady’s purchase of the minority ownership hasn’t advanced since May this year. One of the main reasons is the discounted price Brady received for the stake in the franchise. As per the Washington Post, Brady received somewhere between 5% to 10% of the team’s stake. Moreover, he’s getting that at a much-discounted price, nearly 70%!

ALSO READ: Retired Tom Brady’s Hurried Move To Invest Millions in Raiders Franchise Denies Him a Golden Opportunity

Now it needs to be seen if the deal would come forth or if the former QB would have to wait till he gets another shot at owning the Las Vegas Raiders. With Tom Brady’s recent WNBA acquisition ‘Las Vegas Aces’ winning the championship for the second time in a row, it will be interesting to see if he will get a chance to make magic come true in the NFL as well.

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