NFL Delays Tom Brady’s Minority Ownership Bid by 2 Months Amid $350 Million Roadblock

Controversy and drama do not let go of Tom Brady, even after his retirement. Now that the NFL legend attempts to enhance his investment portfolio, Brady has shown interest in owning a minority stake in the Las Vegas Raiders. 

Even though prospects initially seemed high, Brady became entangled in legal complications as time passed. Unfortunately, he did not receive any help from the NFL owners, which also brought into focus the $350 million roadblock that came in the way of Brady’s ownership. 

Brady’s investment plan hits a two-month delay

After Brady’s proposal on February 11, Ian Rapoport reported, “The plan is for the NFL’s Finance Committee to consider Brady’s investment on March 4 or 5 when members meet in New York, sources say. If all goes well, final approval should happen at the NFL Annual League Meeting in Orlando from March 24-27.” However, as NFL Commissioner Roger Goodell gave an update on Tuesday, things did not go as planned. He said, “I wouldn’t say it’s a delay. We go through a very thorough process. We’re just going through our process. We’ve been in touch with their side. I think it’s been making progress.”

A situation has arisen where Brady will need approval from at least 24 owners. Hence, at the moment, the NFL owners have been unable to arrive at any final decision and have requested two months to review all the checkboxes. The next meeting will be held in May, which might confirm Brady’s future regarding the ownership deal.   

Valuation concerns and financial roadblocks

The primary issues that impeded Brady’s ownership bid were the valuation discrepancies and the undervaluation of the Raiders franchise. It has been speculated that Mark Davis, the Raiders owner, offered a highly discounted stake to Brady. As Jim Isray, the Indianapolis Colts owner, pointed out, “The number just has to be a reasonable number for purchase price from Tom, is the only thing. If reasonable value says… that 10% should be $525 million, you can’t pay $175 million.” Hence, the difference between the actual price and the special offer for Brady is $350 million. 

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The other problem lies in TB12’s new role as FOX Sports’ No.1 game analyst. The 10-year contract offered Brady $375 million. This might lead to a conflict of interest in the former quarterback’s case. As Mark Maske rightly pointed out, “Some owners might be reluctant to allow Brady, if he is a part owner of the Raiders, into their training facilities or onto their practice fields as part of his broadcast preparations.”  

Surprisingly, when Tom Brady purchased a minority stake in the Las Vegas Aces last year, the WNBA officially approved the deal. However, his partnership with the Las Vegas Raiders is going through a windy road. It is now to be seen whether the decision will come in Brady’s favor or against him in May. 

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