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The enigma around Tom Brady‘s ownership stakes in the Raiders prevails! Rumors have been in the air for months; the fans have been on their toes about it. More than anyone, Brady has been chasing the stake for almost a year. Meeting after meeting, all that Brady gets is disappointment. NFL Network’s Insider Tom Pelissero’s update was not too different from it. The update that the NFL Insider gave just added to that disappointment of Brady.
“I don’t believe that there is an active voting item on Tom Brady becoming a Raiders owner,” Pelissero divulged on his appearance on the Rich Eisen Show. However, before the fans grew too dejected, Pelissero explained how the officials would pick up the proposal of Tom Brady and how the ownership stakes and their valuations work in the Raiders’ meeting halls.
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“There’s also these One Per Club sessions where it’s just the lead owner who’s involved. Those are private. There is no agenda that is sent to anybody else. And based on the complexities with Tom Brady and the Raiders in terms of what’s the fair sale price for a percentage of the team which affects the valuation, which affects everybody else’s valuations,” Pelissero said, revealing the behind-the-scenes at Raiders.
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To add to all the contemplation behind whether Tom Brady should get a stake in the team or not has only complexified further after Brady accepted the $375 million contract with FOX Sports. “There’s also the working for Fox. As a broadcast partner, is he going to be in production meetings with you know Jim Harbaugh and the Chargers when he’s a part-owner of the Raiders? There are different layers to it. So it’s entirely possible. This is something that is addressed in the One Per Club session,” Pelissero reported. With the release of the NFL Insider’s report, the outcome of the meeting among the NFL team owners would be even more anticipated.
Tom Brady’s fate to be decided in the meet
According to The Washington Post’s report, the NFL team owners will gather for a two-day meeting at the Nashville Hotel. The purpose of it would be revisiting the prospect of allowing ownership of stakes in franchises by private equity, which might result in keeping Brady’s proposal at bay.
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The matter rests in the hands of the NFL’s finance committee, upon whose recommendations the NFL team owners vote. A minimum of 24 owners out of the 32 owners must be on the same page regarding transactions, although the votes are generally based on the opinion of the NFL finance committee.
But the report quoted, “Two people familiar with the deliberations said Monday it’s possible but unlikely that there will be a ratification vote taken at this week’s meeting,” further proving Pelissero’s point. Do you think Tom Brady will get the ownership stakes anytime soon?